Arctaris Annual Impact Report: Financial Innovation. Community Impact.

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Saddleback Mountain Annual Impact Report: Investing in Jobs, Housing, and Sustainability

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Saddleback Mountain and Arctaris Impact Investors have just released Saddleback’s first
Impact Report, and the results are impressive – on par with the legendary ski experience that
has earned its recognition as Maine’s favorite mountain for three years in a row and also SKI
Magazine’s #4 best resort in all of North America.

Over the past four years, Arctaris Impact Investors has invested over $42M in Saddleback
Mountain, breathing new life into the mountain and helping revitalize the surrounding
communities in Western Maine.

This investment has fueled significant positive activity, including:

  • 240+ new jobs
  • New workforce housing with 80 beds
  • 7.5-megawatt solar farm
  • 4 new chairlifts and snowmaking upgrades
  • The Nest: New England’s highest altitude restaurant and event space

The Saddleback Mountain Impact Report highlights the Mountain’s progress to date since its re-
opening in 2020 and highlights the importance of the ongoing sustainability of this economic,
recreational, and cultural asset.

This success story is a testament to the power of partnership. Arctaris Impact Investors, the
Finance Authority of Maine, foundation partners, and the Rangeley community have come
together to make a real difference in Western Maine.

►View the Saddleback Impact Report Here

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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KeyBank Community Development Makes Strategic Investment in Arctaris to Expand Business Lending for Disadvantaged Communities Nationally

BOSTON–(BUSINESS WIRE)–Arctaris Impact Fund, LP (“Fund”), the flagship debt fund of Arctaris Impact Investors, LLC (“Arctaris”), has obtained a new $10 million warehouse line of credit (LOC) with KeyBank Community Development Lending and Investment (CDLI) through its Community Development Financial Institutions (CDFI) Group.

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Arctaris Impact Investors Completes Additional Growth Equity Investment in Up To Date Laundry, Sustaining Quality Jobs in Baltimore

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BALTIMORE & BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”) is pleased to announce a follow-on growth equity investment in Up To Date Laundry (“UTD”). One of the largest healthcare laundry facilities on the East Coast, UTD provides laundry services to healthcare providers across the mid-Atlantic, including University of Maryland Medical System, Johns Hopkins, and Einstein Medical Center. The investment in UTD is part of the Arctaris Baltimore Program, a $25 million commitment to invest in Baltimore’s underserved neighborhoods, created in partnership with The Abell Foundation and Neighborhood Impact Investment Fund (NIIF) and with support from Erie Insurance (ERIE) through its investment in the Arctaris Opportunity Zone Funds.

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Arctaris Impact Awarded $30M of New Markets Tax Credit Allocation by U.S. Treasury’s CDFI Fund for Diversity and Impact Investments

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BOSTON–(BUSINESS WIRE)–Arctaris Impact CDE, LLC was awarded $30M of New Markets Tax Credit Allocation (NMTC) by U.S. Treasury’s Community Development Financial Institution Fund to deploy capital into economically distressed communities and businesses. Arctaris will use its NMTC allocation to make flexible loans to minority-owned or controlled companies and other borrowers across real estate or operating businesses in the country.

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Arctaris Releases Annual Impact Report, Achieving Record Growth

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BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”), the largest impact-focused Opportunity Zone fund manager nationally1, released its 2021 Arctaris Impact Report: Resilience, Recovery, Revitalization. Arctaris made nine new investments and supported existing portfolio companies to weather the COVID-19 storm, expanding economic, social, and environmental impact in underserved communities. The impact report showcases Arctaris Impact’s commitment to creating and retaining living-wage jobs, racial equity, expanding access to critical products and services such as affordable broadband internet, healthy food, and housing, promoting diversity and inclusion, and advancing renewable energy projects and businesses.

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Arctaris Announces Bank of America as Investor in New $25M Regional Opportunity Zone Program Focused on Diversity, Equity, Inclusion, and Community Revitalization

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BOSTON–(BUSINESS WIRE)–Arctaris Impact Investors, LLC (“Arctaris”) is pleased to announce a recent investment from Bank of America (“BofA”) into the Arctaris Opportunity Zone Fund 2022. The investment will help spur a new Arctaris place-based investment program focused on the greater Hartford area with emphasis on diversity, equity, inclusion, and community revitalization.


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