Dear Little Tokyo Investors and Friends,
The newly-elected Little Tokyo Community Impact Fund, SPC (LTCIF) Board of Directors began meeting formally as of June 2020; up until then the LTCIF had been guided by an interim volunteer Steering Committee who gave life to this vision. Now, the LTCIF Board is composed of 12 dedicated, experienced, and knowledgeable members with diverse backgrounds, representing both Class A and Class B Shares. They are listed on the “Our Team” page.
Here are some bullet-point highlights as we move forward in the coming year:
- Ms. Caroline Calderon, a UCLA graduate in Urban Planning has been providing expert staff support.
- We have currently 22 “A” level ($1,000) investors and 42 “B” level ($10,000+) investors and have raised almost $600K in investments.
- We have been approved by the State of California for a one-year extension to continue to seek investors – with a goal of reaching $2.5 million.
- We are investigating a number of properties for purchase in Little Tokyo; the need for community-owned real estate is even more dire in this pandemic-related economy that has been disastrous for small businesses.
Thank you to all who have invested with LTCIF in order to help preserve our historic Little Tokyo neighborhood. Please visit our website for information and Frequently Asked Questions at www.littletokyocif.com.
The LTCIF is working to make sure the Nikkei history, heritage, and culture will continue for generations to come. Thanks to all of you for your support and interest!
Sincerely,
Bill Watanabe, President, LTCIF Board of Directors