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Fall is in full swing for those of us in northern climates. In addition to changing leaves and cooler weather, that means the world is ready to get down to business. That’s especially true in the climate sector.

We’re less than a month out from the 2022 United Nations Climate Change Conference (COP27), where world leaders, climate activists, and CEOs will gather to make progress on an array of issues critical to tackling the climate emergency. Already, conversations are heating up. Regulators continue to push forward on developing more stringent rules around sustainable investment products — which could help ease concerns about greenwashing in the sector. And the recent passage of the US Inflation Reduction Act is fueling interest in clean energy as businesses look to capitalize on the surge of funding. A recent article in The Atlantic predicts that “the climate economy is about to explode.”

And we have more than the climate on our minds. Tomorrow is the last day of Hispanic Heritage Month, making this a good time to reflect on the contributions of Hispanic entrepreneurs to our economy. As cited in a recent Forbes article, the number of Latino-owned businesses grew by 35% over the last decade, compared to 4.5% for white-owned businesses — and that’s driving demand for financing. In our Fearless Feature this month, we spotlight one Latina entrepreneur who has found success by embracing her heritage. She is just one of many and we continue to find inspiration in the rising innovators who are shaping our world for a better future.

 
 
 
 
FEARLESS FEATURE
 
 
 
 

 

As a Latina artist and entrepreneur, Susie Jaramillo is using books, games, and digital content to help Spanish-and-English-speaking bilingual kids to think critically and creatively. She’s the co-founder and CEO of Encantos, a story-teaching platform — and the first Latina CEO of a children's entertainment company.

Jaramillo, who was born in Venezuela, saw a gap in the children’s educational market while raising her own bilingual family in the US. She notes that one-quarter of kids in the United States are Latino, but only 5% of roles in children’s media are represented with Latino talent. So she launched Encantos to help parents connect with their kids while teaching them about Hispanic culture.

One key to Jaramillo’s success: refusing to be put in a box. She told POPSUGAR earlier this year that she always knew that she had a purpose, and that “it wasn't going to be the same path that everybody else was taking.”

In a recent interview with CBS News, Jaramillo offered this advice to other Latinx entrepreneurs. “Lean into what you do well and follow that. Don't let anything hold you back.”

 
 
 
 
IMPACT INVESTING
 
 
 
 
Clean Energy In the Spotlight
With the recent passage of the Inflation Reduction Act, the US government is allocating $369 billion toward clean energy through direct investments and tax credits. Experts are already noting that the bill is a major win for companies involved in renewable power generation, carbon capture technology, energy efficiency, and more. Businesses are now scrambling to capture funding amid a resurgence of dealmaking in the renewable energy and emissions reductions sectors.
 
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 Impact Investing Soars

New analysis from our good friends at the Global Impact Investing Network (GIIN) finds that allocations to impact investing rose 40% in the last two years, hitting $1 trillion for the first time in history. It has been a long time coming, but it’s just one recent report that shows continued interest in sustainable and impact investment strategies. Pitchbook indicates that 70% of European and 61% of North American asset managers responding to their latest Sustainable Investment Survey now offer impact investing strategies. While both reports also note the increasing politicization of ESG, GIIN notes that investors are turning to impact strategies precisely because they're a good way to protect returns over time.
 
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INCLUSIVE ENTREPRENEURSHIP
 
 
 
 

Honoring Women of Influence

Entrepreneur’s Women of Influence list is filled with founders, business leaders, and influencers who embody the “Fearless” spirit. That includes Davida Herzl, co-founder and CEO of Aclima, a pioneering climate tech company, and Jennifer Doudna and Janice Chen, cofounders of Mammoth Biosciences. If you’re looking for even more inspiration, the Forbes 50 Over 50 features 200 dynamic women proving that success has no age limit.
 
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Investing in Underrepresented Founders

Amazon plans to invest $150 million in outside venture capital funds that are backing underrepresented founders. The new initiative will allocate money into more than 10 funds supporting around 200 companies at or before the seed stage of investment, all with Black, Latino, female, Indigenous, or LGBTQIA+ founders. The online retailer isn’t the only tech company supporting such endeavors. Last year, PayPal announced it would deposit $100 million of its capital into investment funds and depository institutions that are led by women or focused on serving women.

 
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BEFORE YOU GO
 
 
 
 

Electrifying Manhattan

Gas-powered vehicles may still outnumber electric ones on the roads, but in Manhattan, it’s already easier to find an EV charger than a gas pump. EV-charging sites now outnumber gas stations in the borough by more than 10 to one, with 320 publicly accessible charging locations, compared to just 29 gas stations.
 
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