Arctaris Annual Impact Report: Financial Innovation. Community Impact.

Archive for September, 2024

Arctaris Impact Investors Provides Key Financing for Growing Baltimore Organization

BALTIMORE–(BUSINESS WIRE) — One July 25, 2024, Arctaris Impact CDE closed a New Markets Tax Credit (NMTC) transaction with Fearless Talent, LLC (dba Fearless Guides), a division of Fearless, a minority-owned company located in a Baltimore census tract with a 26.4%1 poverty rate. The NMTC financing will be directed to working capital that will create 50 jobs, all of which will pay above a living wage and be accessible to those without a college degree. The working capital will also enhance the community impacts provided by their business accelerator program, Hutch.

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