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Author: David Rood

University of Michigan JD Candidate, 2015 BSE in Naval Architecture & Marine Engineering, 2012

Is Venture Capital a Tool in Community Development?

Posted on October 25, 2013February 28, 2014 by David Rood

In 2003, the Over-the-Rhine district in Cincinnati, OH experienced 90% vacancy, high crime and blight. Enter: the Cincinnati Center City Development Corporation (“3CDC”). As a non-profit organization, the 3CDC has managed two major mostly-private investment funds (the Cincinnati New Markets Fund and the Cincinnati Equity Fund) to land bank properties and redevelop the spaces into…

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