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Toolkit for Measuring Social and Environmental Impacts in Community-Driven Investments

The Measuring Impacts Toolkit, developed by the Community Development Venture Capital Alliance, offers a comprehensive, step-by-step methodology for assessing the social and environmental impacts of community-based investing. This user-friendly toolkit includes Excel spreadsheets, data mapping tools, and user manuals, derived from a collaborative project with leading fund groups. It emphasizes practical applications, allowing funds to collect extensive data on job creation, employment quality, and community benefits, with a focus on enhancing the impact of investments in under-resourced markets.

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Toolkit for Measuring Social and Environmental Impacts in Community-Driven Investments

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  1. Measuring Impacts Toolkitof theCommunity Development Venture Capital Allianceby Kerwin TesdellMeasuring the Social and Environmental Impacts of Community Based InvestingDecember 11, 2007

  2. Community Development Venture Capital • CDVC • Invest in underinvested urban and rural markets and in companies that create good entry-level employment, seeking market rates of return • 80 domestic funds, more outside US • $1 billion under management domestically • CDVCA • Trade association of CDVC Fund • Provide training & networking, public policy, research, best practices, consulting, investments in funds and co-investments with businesses

  3. Measuring Impacts Toolkit • Step-by-step methodology for measuring impact • Excel spreadsheets, data map, data definitions, users manual • Result of 18-month project led by practitioners • 5 leading fund groups chosen in RFQ, represented 17 funds domestically and internationally • Iterative approach of designing methodology and gathering data • Practical orientation • Close relationship between funds and portfolio companies allows for gathering extensive information

  4. Measuring Impacts Toolkit • Core Survey • 16 modules plus a qualitative component • Enhanced Survey • 12 modules • Users Manual • Discussion of Methodology • HUD median family income data

  5. Core Survey--Overview • Unit of analysis is the portfolio company • 77 total questions, 18 ‘hard’ questions, 27 questions answered by fund • Three major question areas: • How many jobs? • Who gets the jobs? • What is the quality of the jobs? • Additional impacts, such as environmental, minority and women ownership, and taxes paid • Qualitative questions

  6. Core Survey Modules • Company information and survey tracking • Employment and employment change • Wages • Promotions and career ladders • Benefits—health, retirement, sick leave, vacation, & tuition remission • Wealth-building—broad based stock options, ESOPs, phantom stock program, profit sharing, structured bonuses • Training—trade specific, computer related, customer service/soft-skills

  7. Core Survey Modules • Community impacts • Environmental impacts • Export-oriented sales • Taxes • Minority/woman-ownership or control • Sector classifications—SICC, NAICC, VEIC • Locational characteristics—MSA, census tract, etc., • Qualitative questions

  8. Strengths and Limitations • Strengths of broader industry approach • Standardizes definitions for such variables as full-time equivalents, ‘jobs retained,’ jobs created,’ and ‘low-income’ based on the area median family income • Reduces double counting • Limitations of numerical data • The ‘but for’ question • Effects beyond portfolio company and beyond investment period • Impacts on individuals • Qualitative questions are necessary for fullest impact

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