Editor’s Note: Betsy McKinney, Founder and CEO of It’s Time Network and author of this post, was recently invited to speak at an event in honor of Women’s History Month at the U.S. State Department. She gave an overview on the need for collective impact infrastructure and initiatives in the women’s sector, and explained the purpose of It’s Time Network and the Network City Program.
Everyone responded vigorously during the presentation when Betsy said that we need a collective impact structure that acts as an AARP for women, and that we can and should fund it ourselves as women over time. People also responded well to the need for shared measurement and the Women’s Well-Being Index. At the end, women from Malaysia, Nepal and Afghanistan asked how they can join the Network City Program. Betsy gave them copies of ITN’s Mayors Guide and they are eager to consider how they can also use the guide and recommendations.
This “impact investing debt fund” will address tough urban problems like affordable housing and homelessness, as well as catalyzing overall economic development and reducing poverty in the nation’s urban cores.
This is not the first time that Living Cities has led a collaborative fund to work on economic development in America’s cities. In 2008, the Catalyst Fund was launched by Living Cities using philanthropic capital alongside commercial capital from Living Cities’ members—22 foundations and financial institutions, including Annie E. Casey, Ford, MacArthur, and Surdna, working to “get results for low-income people, faster.”