Economic Innovation International, founded in 1970, is
now internationally recognized for building more than $150 billion of
privately capitalized innovative institutions to accomplish public
purposes in North America, Europe and Asia. These funds generate
measurable wealth and high quality jobs for low income residents of
targeted communities in emerging markets. During the last decade,
these Triple Bottom Line, mission-driven funds have become fully
Regional economies, like nations, live in a world of constant change,
increasing competition, and economic and cultural dynamism.
Economic Innovation helps communities design and build realistic action
plans, funds and institutions that increase their current comparative
economic advantage and strengthen their underlying human, financial,
and technological resources. Economic Innovation’s
overarching goal with each client is to help advance smart communities,
smart enterprises, and smart workers who can compete in today’s
global technology-driven economy.
The most recent fund initiative is the creation of a new private equity
industry that produces risk-adjusted, market-rate returns for
institutional investors and "Three E" triple bottom line returns for
targeted communities. These funds produce prudent Economic returns, social Equity and are Environmentally sound
initiatives. Since Economic Innovation created the first alpha
fund in 1997, the industry has grown to more than $20 billion of which
more than $2 billion of the pioneer models have been built by Economic
Innovation and its partner firm, Strategic Development Solutions (SDS
Group of Los Angeles).
The firm has provided development assistance in 39 states and 21
countries, and has built funds from Maine to San Diego, and Miami
to Alaska in this country, and in such diverse overseas environments as
Northern Ireland, Palestine, Poland and Puerto Rico.
Hull Daniels, founder and President of Economic
Innovation, is an attorney and former international banker who taught
economic development and development finance for many years at Harvard
University and the Massachusetts Institute of Technology (MIT).