<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Calvin Butler &#8211; Baltimore Magazine</title>
	<atom:link href="https://www.baltimoremagazine.com/tag/calvin-butler/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.baltimoremagazine.com</link>
	<description>The Best of Baltimore Since 1907</description>
	<lastBuildDate>Tue, 20 Dec 2022 18:55:40 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	

<image>
	<url>https://www.baltimoremagazine.com/wp-content/uploads/2020/08/cropped-favicon-32x32.png</url>
	<title>Calvin Butler &#8211; Baltimore Magazine</title>
	<link>https://www.baltimoremagazine.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Why Baltimore is Fertile Ground for Socially Conscious Investing</title>
		<link>https://www.baltimoremagazine.com/section/businessdevelopment/socially-conscious-investing-in-baltimore/</link>
		
		<dc:creator><![CDATA[Lauren Cohen]]></dc:creator>
		<pubDate>Tue, 20 Dec 2022 18:55:06 +0000</pubDate>
				<category><![CDATA[Business & Development]]></category>
		<category><![CDATA[GameChangers]]></category>
		<category><![CDATA[Baltimore Corps]]></category>
		<category><![CDATA[Calvin Butler]]></category>
		<category><![CDATA[Fagan Harris]]></category>
		<category><![CDATA[Greater Baltimore Committee]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[social investing]]></category>
		<guid isPermaLink="false">https://www.baltimoremagazine.com/?post_type=article&#038;p=135599</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper" id="wpb-content-root"><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div  class="wpb_single_image wpb_content_element vc_align_left wpb_content_element">
		
		<figure class="wpb_wrapper vc_figure">
			<div class="vc_single_image-wrapper  "><img fetchpriority="high" decoding="async" width="1200" height="1692" src="https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest.jpg" class="vc_single_image-img attachment-full" alt="" title="soc_invest" srcset="https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest.jpg 1200w, https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest-567x800.jpg 567w, https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest-768x1083.jpg 768w, https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest-1089x1536.jpg 1089w, https://www.baltimoremagazine.com/wp-content/uploads/2022/12/soc_invest-480x677.jpg 480w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><figcaption class="vc_figure-caption">—Illustrations by Michael Tranquillo</figcaption>
		</figure>
	</div>
</div></div></div></div><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div class="wpb_text_column wpb_content_element" >
		<div class="wpb_wrapper">
			<p>Baltimore is brimming with opportunities to make investments that are both good for your wallet and your conscience. Everyone can participate in this positive change, regardless of asset size. Being a socially conscious investor simply means being intentional about where you spend your money. Is the company you’re investing in local? Diverse? Ethical?</p>
<p>“I think people have a misconception that making an impact and making returns are two separate things,” says McKeever “Mac” Conwell II, founder and managing partner at <a href="https://www.rarebreed.vc/">RareBreed Ventures</a>. “We’re not a social impact fund, we don’t have a diversity mandate, but 60 percent of the companies we invest in have under-represented founders, and several have very mission-driven objectives to create impact.”</p>
<p>Conwell says he invests in them because they are poised for success. “The fact that those companies are also making an impact just aligns with the opportunity to make a lot of money,” he explains. “Those two things don’t have to be mutually exclusive.”</p>
<p><a href="https://www.baltimorecorps.org/">Baltimore Corps</a> co-founder and CEO Fagan Harris agrees. He says there are truly outstanding investment opportunities rising from the grassroots level.</p>
<p>“I increasingly see a lot of Black fund managers here in Baltimore City, people like Chris Grant or Venroy July, doing interesting and powerful stuff in the real estate space,” he says. “They’re looking for private equity placement and getting great returns, but also funneling investment into neighborhoods that need it.”</p>
<p>Participating in a platform such as <a href="https://www.baltimorecorps.org/kiva">Kiva Baltimore</a> (a Baltimore Corps partner) is a great way to get into investing, Harris says. The nonprofit underwrites zero-percent interest, zero-fee business loans up to $15,000 and facilitates crowdfunding on its online platform. A micro-lender, Kiva users can lend as little as $25 to individual entrepreneurs, providing them affordable capital to start or expand a small business.</p>
<p>“The idea of the everyday person being able to put money behind those individuals in their communities building the next big thing—it’s a powerful one,” Conwell says.</p>
<p>Change is happening from an organizational platform, as well. In that case, it’s not always about investments but about companies being socially mindful when hiring contractors and vendors and providing support to minority businesses. The <a href="https://gbc.org/">Greater Baltimore Committee</a> (GBC) and <a href="https://greaterbaltimore.gbc.org/">Economic Alliance of Greater Baltimore</a> announced a merger earlier this year. Shared goals are economic inclusion and breaking down silos and barriers so the entire city can grow, <a href="https://www.baltimoremagazine.com/section/gamechangers/baltimore-exelon-exec-calvin-butler-promotes-money-leadership-city-causes/">Calvin Butler</a>, GBC chair, says.</p>
<p>The GBC doesn’t directly make investments, rather it rallies its members around economic initiatives. One of its major projects is getting companies to sign contracts with minority suppliers and contractors, providing those small businesses not only with capital but also mentoring.</p>
<p>Butler says Baltimore Gas and Electric Company (BGE) serves as a model for the program. In 2014, 18 percent of BGE’s total supply spending was with minority and women-owned vendors. At the end of 2021 that total was 41 percent.</p>
<p>Companies are leaning in differently today to talk about economic inclusion and social investing, Butler says. For example, Exelon launched a racial equity capital fund and several businesses within the GBC are hoping to contribute, which will provide access to capital for local minority-owned businesses.</p>
<p>“It’s not a grant or a scholarship, it’s an investment where we expect to see dividends,” he says. “It’s an evergreen fund, other businesses can use it and grow.”</p>

		</div>
	</div>
</div></div></div></div><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-2"><div class="vc_column-inner"><div class="wpb_wrapper"></div></div></div><div class="wpb_column vc_column_container vc_col-sm-8"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div  class="wpb_single_image wpb_content_element vc_align_center wpb_content_element">
		
		<figure class="wpb_wrapper vc_figure">
			<div class="vc_single_image-wrapper  "><img decoding="async" width="462" height="361" src="https://www.baltimoremagazine.com/wp-content/uploads/2022/12/SocInvesting1.png" class="vc_single_image-img attachment-full" alt="" title="SocInvesting1" /></div>
		</figure>
	</div>
</div></div></div><div class="wpb_column vc_column_container vc_col-sm-2"><div class="vc_column-inner"><div class="wpb_wrapper"></div></div></div></div><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div class="wpb_text_column wpb_content_element" >
		<div class="wpb_wrapper">
			<p>It’s not enough to have progress in pockets, Butler explains, rather economic growth must happen in all areas of the city.</p>
<p>“When you can drive on the east and west sides of Baltimore and see thriving businesses because they have been funded with the necessary capital to grow, and they’re hiring from those neighborhoods, and we have success stories and testimonials showing how this works and how we’ve leaned in to help, that’s what success looks like,” he states.</p>
<p>Harris says the city is full of hidden potential, the issue is actualizing it, and much of the problem comes from an inability to connect across lines of difference.</p>
<p>“This is not a place that has a lack of ideas, entrepreneurs, or leaders,” he says. “But it is a place that historically has been divided. History is always with us; we have to actively overcome some of those dynamics so we can see one another, care for one another, invest in one another.”</p>
<p>These actions are what will create jobs and buy-in for the city itself to move us all forward, he says. More economic growth pathways for people whose options were historically limited means a more vibrant city, Conwell says. He believes everyone can participate in making Baltimore an ideal place to launch businesses, adding if “the next big thing” is here, it means a huge assortment of jobs at a livable wage.</p>
<p>“We’ve seen the type of development that can come from something like Under Armour,” he says. “Imagine if the city had 20 Under Armours, what we could be, how we would thrive.”</p>
<p>It all starts with consumption, and everyone can work to make mindful choices about where they spend their dollars each day.</p>
<p>“Support local businesses is a message we hear all the time,” Butler says, “but it is critical.”</p>

		</div>
	</div>
</div></div></div></div><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div  class="wpb_single_image wpb_content_element vc_align_left wpb_content_element">
		
		<figure class="wpb_wrapper vc_figure">
			<div class="vc_single_image-wrapper  "><img decoding="async" width="693" height="242" src="https://www.baltimoremagazine.com/wp-content/uploads/2022/12/SociInvesting2.png" class="vc_single_image-img attachment-full" alt="" title="SociInvesting2" srcset="https://www.baltimoremagazine.com/wp-content/uploads/2022/12/SociInvesting2.png 693w, https://www.baltimoremagazine.com/wp-content/uploads/2022/12/SociInvesting2-480x168.png 480w" sizes="(max-width: 693px) 100vw, 693px" /></div>
		</figure>
	</div>
</div></div></div></div>
</div>
<p><a href="https://www.baltimoremagazine.com/section/businessdevelopment/socially-conscious-investing-in-baltimore/" rel="nofollow">Source</a></p>]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Calvin’s Calling</title>
		<link>https://www.baltimoremagazine.com/section/gamechangers/baltimore-exelon-exec-calvin-butler-promotes-money-leadership-city-causes/</link>
		
		<dc:creator><![CDATA[Michael Tranquillo]]></dc:creator>
		<pubDate>Tue, 21 Jan 2020 12:00:00 +0000</pubDate>
				<category><![CDATA[GameChangers]]></category>
		<category><![CDATA[BGE]]></category>
		<category><![CDATA[Cal Ripken]]></category>
		<category><![CDATA[Calvin Butler]]></category>
		<category><![CDATA[Exelon]]></category>
		<category><![CDATA[Sr. Foundation]]></category>
		<guid isPermaLink="false">https://www.baltimoremagazine.com/?post_type=article&#038;p=70660</guid>

					<description><![CDATA[]]></description>
										<content:encoded><![CDATA[<div class="wpb-content-wrapper" id="wpb-content-root"><div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper">
	<div class="wpb_raw_code wpb_raw_html wpb_content_element" >
		<div class="wpb_wrapper">
			<div id="hero">

  <img decoding="async" src="https://52f073a67e89885d8c20-b113946b17b55222ad1df26d6703a42e.ssl.cf2.rackcdn.com/Calvin_Butler_main.jpg"/>
  
  </div>
  
  
  
  <div class="topdeckline">
  <div class="row">
  <div class="medium-12 columns">
  <h1 class="GC_headline text-center clan">Calvin’s Calling</h1>
  <h4 class="text-center unit">Exelon exec has flipped the switch on money and leadership for multiple city causes.</h4>
  
  </div>
  </div>
  </div>
  
  <div class="topByline">
  <div class="row">
  <div class="medium-8 push-2 columns">
  <span class="clan editors uppers"><p style="font-size:1.25rem;"><strong>Christianna M<span style="text-transform: none;">c</span>Causland</strong><br/>Photography by Frank Hamilton</p></span>
  
  
  </div>
  </div>
  </div>
  
  
  
  <!-- mobile -->
  
  <div class="topMeta">
  <h6 class="thin tealtext uppers text-center">GameChangers</h6>
  <h1 class="title">Calvin’s Calling</h1>
  <h4 class="deck">
  Exelon exec has flipped the switch on money and leadership for multiple city causes.
  </h4>
  <p style="font-size:1rem;"><strong>Christianna M<span style="text-transform: none;">c</span>Causland</strong><br/>Photography by Frank Hamilton</p>
  </div>
  <div class="row">
  <div class="medium-8 push-2 columns text-center">
  <div style="display:block;" >
  <div style="padding-top:5px; padding-bottom:11px;border-bottom:0px solid #d3d3d3;margin-bottom:25px;" class="addthis_inline_share_toolbox_925m">
  </div>
  <img decoding="async" class="mobileHero" src="https://52f073a67e89885d8c20-b113946b17b55222ad1df26d6703a42e.ssl.cf2.rackcdn.com/Calvin_Butler_main_mobile.jpg"/>
  </div> 
  </div>
  
  </div>
  
  
  <!-- mobile -->
  
  
  
  
  <div class="row" >
  <div class="medium-8 push-2 columns" style="padding-top:1rem; padding-bottom:1rem;">
  
  
  
  
  <p><b>Fresh marketing campaigns</b> about their community involvement, new Baltimore-boosting billboards, words of sympathy, and small donations to this or that urban cause.</p>
  
  <p>In many cases, that was the response of the local business community to the uprising in 2015 following the death of Freddie Gray. But it wasn’t enough for Calvin Butler.</p>
  
  
  <div class="picWrap4">
  <h4 class="clan uppers red">“There are not many people like myself sitting in the top positions of companies; if I can be a role model to them, that to me is a driving force for why I do what I do.” </h4>
  </div>
  
  
  
  
  <p>The St. Louis native had been named the CEO of BGE just the year before—he has since been promoted by parent company Exelon—but he was already plugged into the city, its struggles, and its capacity to make itself stronger. And the unrest put him into action.</p>
  
  
  
  <p>By his own admission, Butler is not a patient man, but that’s paid off for Charm City. After the unrest, he immediately thought of what he and BGE could do to effect a long-term sustainable change—not just write a check.</p>
  
  
  
  
  
  <p>“What was interesting about [the Freddie Gray uprising] was a lot of people were giving a little money here and there, but at the end of the day, if people don’t have jobs, if people don’t have hope, they’re going to do what they have to do,” Butler says. “The city felt, in real time, what happens when people feel as if they’re being suppressed.”</p>
  
  
  <div class="picWrap3">
  <img decoding="async" class="singlePic" src="https://52f073a67e89885d8c20-b113946b17b55222ad1df26d6703a42e.ssl.cf2.rackcdn.com/Calvin_Butler_GC1.jpg"/>
  <h5 class="captionVideo thin"><center>Since Butler joined BGE, the company  has given more than $30 million 
  to area nonprofits.</center></h5>
  </div>
  
  
  
  <p>Butler knew there were job opportunities in his energy sector. He also knew there was opportunity in construction. Over the course of several Saturdays, Butler met at Atwater’s off York Road with Whiting-Turner CEO Tim Regan. Together, they mapped out an idea on the back of a napkin.</p>
  
  
  <p>“We recognized people who feel disenfranchised lack a couple of things: mentors, social capital, and opportunities,” says Butler, who, in December, was put in charge of other Exelon utilities as well. “We didn’t want to create something new because there are already many organizations in the city doing great things, so we went to the community in West Baltimore and asked them what we could do.”</p>
  
  
  
  
  
  
  
  <p>The initial idea evolved into TouchPoint, co-founded in 2017 by BGE and Whiting -Turner. Located in Mondawmin, it brings together three pre-existing, high-performance nonprofits—Thread, Center for Urban Families, and Baltimore Corps. According to Sarah Hemminger, CEO of educational outreach nonprofit Thread, TouchPoint nurtures the existing talent pipeline in the city “from cradle to career,” by bringing nonprofits, community partners, and all their associated audiences together to volunteer and collaborate across silos.</p>
  
  <p>“TouchPoint is an unprecedented example of a space where Baltimoreans come together across lines of difference to build relationships and access opportunity,” Hemminger says.</p>
  
  
  
  
  
  
  <p>This type of large-scale, programmatic philanthropy has become a signature of Butler’s approach to outreach. In addition to co-founding TouchPoint, Butler also used the Freddie Gray uprising as a catalyst to develop BGE’s Smart Energy Workforce Development program. Working in partnership with four Baltimore City and County vocational schools, BGE offers field trips to its facilities and provides summer internships to high-school students. Since its inception in 2017, 11 full-time BGE employees have been hired from the program.</p>
  
  
  
  <div class="picWrap4">
  <h4 class="clan uppers red">“I recognize our 
  leadership responsibility as a corporate citizen because we’re not packing up and going anywhere. So what do we do with that responsibility?” </h4>
  </div>
  
  
  
  
  <p>Since Butler joined BGE, the company also has given more than $30 million to area nonprofits. Following Butler’s lead, the employees at BGE, who nominate their own “Employee Cause Initiative” each year, have seen an uptick in their dollars raised year-over-year. Over his tenure, employees have also given more than 100,000 service hours.</p>
  
  
  
  
  
  <p>Butler has overseen large contributions, partnering with the Cal Ripken, Sr. Foundation to open Eddie Murray Field at BGE Park in West Baltimore, where the oldest continually operating African-American youth baseball league plays. And under his leadership, BGE became a founding lead sponsor for Light City. He’s also made small contributions that make a lasting impression, like painting BGE’s storage tanks with murals to beautify the southern entrance to the city.</p>
  
  <p>“These are things that are outside the box of what your traditional utility might do,” says Butler, who says his commitment to philanthropy comes from his own experience with mentors.</p>
  
  <img decoding="async" class="singlePic" src="https://52f073a67e89885d8c20-b113946b17b55222ad1df26d6703a42e.ssl.cf2.rackcdn.com/DSC3515_Calvin.jpg"/>
  <h5 class="captionVideo thin"><center>BGE’s Butler was one of the co-founders of TouchPoint.</center></h5>
  
  <p> “I always talk about finding your purpose and, for me, as an African-American business leader, my purpose has been to impact young people, specifically kids of color,” he says. “There are not many people like myself sitting in the top positions of companies; if I can be a role model to them, that to me is a driving force for why I do what I do.” </p>
  
  <p> Of course, Butler is a businessman, and he does not shy away from underscoring that BGE’s growth is dependent on a strong, healthy city and surrounding area. He believes it’s also good business to create a workforce at BGE that is diverse and inclusive. Currently, BGE customer satis- faction is at an all-time high; in June, BGE was recognized as one of the nation’s most trusted utilities, according to industry- review analytics firm Escalent. And Butler says it’s no coincidence that the company’s peak performance is coinciding with its commitment to employee diversity. </p>
  
  <p> “For the last five years, we’ve received the highest customer satisfaction in our 200-plus year history, best financial performance, and highest reliability, and, to me, the team we’ve put together, which is the most diverse in BGE’s history, is indicative of what can happen when you hire diverse people of diverse backgrounds, talents, and skills, and enable them to do their jobs.”</p>
  
  <p> At the same time, Butler has radically improved BGE’s spending with women-, minority-, and veteran-owned businesses (WMVBs). When he joined the company, it was spending roughly 14 percent with these entities; in 2019, BGE committed 40 percent to WMVBs. </p>
  
  <p> The example set by the utility captured the attention of other local institutions. Ronald Daniels, president of The Johns Hopkins University, worked with Butler to bring the Roca anti-violence program to Baltimore. Says Daniels, “Calvin has the rare ability to understand the complexity of the city’s needs and then summon up the moral, strategic, and financial savvy to respond to those needs in a compelling way.” </p>
  
  <p> “When there’s a challenge that crops up in the city,” Daniels adds, “Cal is at the top of my speed dial to figure out how we can make a difference.” </p>
  
  <p> In the wake of Freddie Gray, Johns Hopkins also looked into how it could have a sustainable impact. Understanding that strong local businesses would enable much-needed job growth, Hopkins wanted to be more intentional in its support of local and WMVBs in its procurement, construction, and hiring. </p>
  
  <p> HopkinsLocal, as the program became known, drew on the BGE playbook. Then Mike Hankin, president and CEO of money management firm Brown Advisory, suggested amplifying the impact across other city businesses. Daniels and Butler answered that call in 2016, co-founding BLocal, a coalition of city businesses committed to supporting local businesses and workers. It now has 28 partners including T. Rowe Price, Legg Mason, KPMG, Under Armour, The Cordish Companies, Howard and M&T Banks, and DLA Piper. In their first year, BLocal businesses spent $73.8 million with WMVB vendors in construction and purchasing, plus another $2.3 million in non-construction purchasing; and as of late November of last year, the coalition had spent more than $280 million. In addition, BLocal has encouraged the hiring of more than 1,700 local employees. </p>
  
  <p> “Freddie Gray was a cry, a call to do better as a city,” says Butler. “Do I think we’ve made progress? Yes. Do I think we’re close to being there? No, because as long as we have high unemployment rates in pockets of the city, high healthcare disparity, as long as kids in certain zip codes don’t get the same level of education, there’s a problem.” </p>
  
  <p> He’s optimistic that breaking down silos and providing opportunities for young people and their parents will lead to prog- ress. Given BGE and parent firm Exelon’s size and reach, he anticipates playing an expansive role in radical change, not only in Baltimore but also across BGE’s wider customer area. </p>
  
  <p> “I recognize our leadership responsibility as a corporate citizen because we’re not packing up and going anywhere. So what do we do with that responsibility?” Butler asks. “I think leaning in and not only being a trendsetter but a thought provoker, an impact player, is who we are.” </p>
  
  
  
  
  </div>
  </div>
		</div>
	</div>
</div></div></div></div>
</div>
<p><a href="https://www.baltimoremagazine.com/section/gamechangers/baltimore-exelon-exec-calvin-butler-promotes-money-leadership-city-causes/" rel="nofollow">Source</a></p>]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>

<!--
Performance optimized by W3 Total Cache. Learn more: https://www.boldgrid.com/w3-total-cache/?utm_source=w3tc&utm_medium=footer_comment&utm_campaign=free_plugin

Object Caching 54/70 objects using Redis
Page Caching using Disk: Enhanced 

Served from: www.baltimoremagazine.com @ 2026-11-06 17:52:13 by W3 Total Cache
-->