By Eric Letsinger, CEO
Those of you who know me are aware that I seldom miss an opportunity to trumpet the great work of the Quantified Ventures team. So you might be surprised that I have let a significant piece of company news fly somewhat under the radar...until now. I am thrilled to announce that last month we created Quantified Ventures’ first subsidiary company, ReHarvest Partners, to lead the transition to a more regenerative system of agricultural production by creatively deploying capital and structuring unique partnerships.
On December 2, the $12 million Environmental Impact Bond (EIB) we’ve been designing with the Chesapeake Bay Foundation and the City of Hampton officially closed. By issuing the bond, the City matched financial innovation to the creativity found in its nature-based projects: a drainage ditch turned into a bioswale with native plants; a holding pond revamped for stormwater and water quality; a major transportation corridor elevated and protected against flooding.
Read MoreWhat is an Environmental Impact Bond? An Environmental Impact Bond (EIB) is an innovative financing tool that uses a Pay for Success approach to provide up-front capital from private investors for environmental projects, either to pilot a new approach whose performance is viewed as uncertain or to scale up a solution that has been tested in a pilot program.
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