2024 Annual Report Released: Celebrating 5 Years of Impact
March 2025 - The close of 2024 was especially exciting for us as it officially marked our fifth year of business. We’ve had the privilege of working with local government and communities to advance priorities to increase economic development and mobility in their respective regions. With over $255M in public and private capital unlocked, we’re just beginning.
$255,493,000 in Public Dollars Unlocked Since 2020
$250M unlocked with IBANK from SSBCI 2.0 via research and convenings in partnership with the Milken Institute, to advance investments in funds and companies in emerging regions and Opportunity Zones throughout California
$3.6M to Xtelligent from the U.S. Department of Energy to develop connected, autonomous intersections
$1.293M to UCR OTP for the Inland SoCal Accelerate Hub launch via CalOSBA to support inland entrepreneurship over a five year period, following a multiyear I-Hub recruitment effort
$500K to The City of Riverside from SCAG for the Regional Early Action Planning (REAP 2) Grant Housing Infill on Public and Private Lands (HIPP) Pilot Project to advance a middle income housing pilot
$50K to Catalina BioTech from the USDA to develop a pilot for growing Paulownia Timber & Carbon Farms
$50K to Blended Impact in the launch of the #InlandSoCalWantsYou manufacturer attraction initiative from the U.S. Department of Energy
$1,880,000 in Private Dollars Unlocked Since 2020
$1M unlocked for the Small Business Majority from the James Irvine Foundation for investments into the small business ecosystem in Fresno, CA
$800K for Blended Impact and Blended Impact Labs from the James Irvine Foundation to advance the small business and investment ecosystem in Riverside and San Bernardino, CA
$80K for Blended Impact Labs from Amalgamated Bank to support stabilizing operations for sustainability
Outside of the numbers, we’ve had some meaningful progress such as winning a national DOE competition, being designated as a state innovation hub, and more. Read our full annual report to see all we accomplished in 2024.
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