Enhanced Capital, a New York-based impact investment firm, says it has created more than 53,000 jobs, offset 1.8 million metric tons of carbon emissions, and invested $3.7 billion in community projects since it was founded in 1999, Fortune reports.
According to the firm's 2023 Community Impact Report, it has invested in more than 900 projects and businesses in 40 states, Washington DC, and Puerto Rico.
"In our 2023 Community Impact Report, we are proud to highlight the meaningful impact of transforming local economies for the benefit of investors and community stakeholders," CEO Michael Korengold says in a press release.
Some of Enhanced Capital's projects, per the report:
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Mozambikes, a for-profit social venture, was formed during a road trip across Mozambique. The founders of Mozambikes aim to improve the quality of life among rural Mozambicans by providing low-cost, efficient personal transportation.