Arctaris Annual Impact Report: Financial Innovation. Community Impact.

Archive for the ‘News’ Category

Arctaris Impact Investors Announces $10M Investment into Cuyahoga County

Boston, MA January 25, 2021 – Arctaris Impact Investors, LLC (“Arctaris”) and Cuyahoga County announce today the launch of Arctaris Cuyahoga Impact Program, a $10 million commitment, to invest equity and lend capital in growing companies across Cuyahoga County located in Opportunity Zones and low-tomoderate income census tracts, respectively. This program will build community equity and inclusion while creating jobs and enhancing access to capital for growing companies.

Read the press release about the Cuyahoga Arctaris Impact Investment Program to learn more.

FAME Approves Additional Saddleback Financing as Resort Prepares to Reopen

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Augusta, ME, November 24, 2020  The Finance Authority of Maine has approved state new markets tax credit financing for Arctaris Saddleback Co. LLC, the owner and operator of the Saddleback Ski Resort in Rangeley.  “FAME is pleased to help with additional financing for this important project, which will help Saddleback pay for the costs of equipment and construction associated with reopening and operating this season,” Dave Daigler, FAME’s board chair, said in the release. “We are happy to help restart this beloved Maine ski mountain and to help stimulate year-round economic development in Rangeley and western Maine.

Click here to learn more

Colorado Receives Opportunity Zone Housing Investment from Arctaris Impact

Boston, MA October 29, 2020 Arctaris Impact Investors, LLC (“Arctaris”) announced two Opportunity Zone investments to provide workforce housing for low-income communities in rural Colorado.

Total development cost is estimated at $60 million for these projects, which include a 100-unit workforce housing project in Glenwood Springs, a 96-unit workforce housing project in Grand Junction and a 74-unit glamping campsite also in Grand Junction. The properties address an immediate need for accessible workforce housing as workers in hospitality, healthcare and trades are getting priced out of the area as more affluent populations move to the region.

Read the press release to learn more.

Milken Institute Global Conference: Arctaris Discusses Resilient Infrastructure

Jonathan Tower, Managing Director of Arctaris, discussed infrastructure needs and investment in this Milken Institute panel discussion on October 19, 2020. Jonathan joined fellow panelists including Nan Whaley, Mayor of Dayton Ohio and incoming President of the US Conference of Mayors; Debbie Dingell, US Representative, Michigan; Katherine Perez, Associate Principal, LA Cities Leader, Arup; Philip Washington, CEO, LA Metro; and moderator Margot Brandenburg, Director of Mission Financing, Ford Foundation.

Resilient Infrastructure: Adapting to Turbulent Times from Milken Institute on Vimeo.