March 17, 2019 Kresge guarantees help Arctaris participate in funding $800 Million into Opportunity Zone projects like solar farm development in Flint, Michigan. In exchange for guarantees, Arctaris commits investing in projects that create living wage jobs, align with community advisory boards and minimize displacement of residents.
Archive for March, 2019
Kresge Foundation commits $22M to back Arctaris, Community Capital Management Opportunity Zone Funds
March 18, 2019 The Kresge Foundation announced Monday it will partner with two established impact fund managers and provide $22 million in investments to anchor their emerging Opportunity Zone Funds, after these managers have agreed to a level of transparency, accountability, and disclosure thus far unheard of in the Opportunity Zones space.