BABs have proven to be an effective financingtool that have enabled municipalities fund critical infrastructure projects at a time when they were facing severe financing challenges.
Hamermesh said it was unprecedented for corporate managers to ask shareholders to take away a financingtool from them especially one that is usually used to prevent an unwanted takeover that could cost them their jobs.
Annie Donovan: When I joined Capital Impact in 1993, we were, of course, a much smaller organization, but we were also very focused on financing as the sole tool for creating opportunities for low-income people and communities.