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Upcoming Event
Sponsored by the Federal Reserve Bank of San Francisco
February 28, 2013
Honolulu, HI
8:30 am – 10:30 am
Lunch will be provided.
The Plaza Club
Pioneer Plaza, 900 Fort Street Mall, Suite 2000
Honolulu HI 96813
There is no cost to attend, but advanced registration is required.
Event Contacts:
Craig Nolte
Federal Reserve Bank of San Francisco
(206) 396-2192
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| Event Description |
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The purpose of this meeting is to discuss the necessary funding and other resources necessary to establish a new community development venture capital fund. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns as well as the creation of good jobs, wealth, and entrepreneurial capacity.
| Agenda |
| I. |
Welcome |
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Introductions
Announcements
Craig Nolte, Regional Manager, Community Development, Federal Reserve Bank of San Francisco |
| II. |
The Financing Gap in Hawaii |
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Current Gap in Local Capital Markets
Karl K. Fooks, President, Hawaii Strategic Development Corporation (tentative) |
| III. |
Introduction to CDVC |
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What is Community Development Venture Capital
Overview of the Community Development Venture Capital Industry
Kerwin Tesdell, President, Community Development Venture Capital Alliance |
| IV. |
How CDVC Funds Benefit the Community |
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Examples of CDVC Fund Performance & Measuring & Reporting Social Impacts
Nathaniel Henshaw, Managing Director, CEI Ventures |
| V. |
Sample CDVC Investments |
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CDVCA – Ryla Teleservices
CEI Ventures – Innov-X Systems, Inc.
AKAMAI Capital – Molokai Wildlife Management |
| VI. |
The AKAMAI Capital CDVC Fund |
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How the AKAMAI Capital CDVC Will Address the Financing Gap in Hawaii
Louis Perez, Managing Director, AKAMAI Capital |
| VII. |
U.S. Department of the Treasury |
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Small Business Credit Initiative
David Rixter, Outreach Manager, SSBCI, U.S. Department of the Treasury
Cliff Kellogg, Director, SSBCI, U.S. Department of the Treasury (tentative) |
| VIII. |
Next Steps |
| IX. |
Adjourn |
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