Arctaris Annual Impact Report: Financial Innovation. Community Impact.

Archive for the ‘News’ Category

Amid a crisis of inequality, $2 trillion of tax-free investing in Opportunity Zones could benefit both rich and poor – cnbc.com

May 6, 2019 Investing directly in 8,700 Opportunity Zones (or 1 in 8 U.S. Census tracts) for 10 years or more could eliminate any federal taxes due on those gains while alleviating poverty via job creation and income growth related to those investments. Arctaris has spearheaded investment in Opportunity Zones with $22 million in guarantees of principal protection in exchange focusing on high transparency, performance reporting and accountability to desired social goals — like affordable housing and living wage jobs.

Investors Eagerly Await Trump Rules on Opportunity Zones

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.

Arctaris Impact Fund, LP Welcomes Benjamin J. Bornstein as Managing Director

Chicago, Illinois – October 1, 2018 – Arctaris Impact Fund, LP, is pleased to announce that Benjamin J. Bornstein has joined the Fund as a Managing Director. Arctaris Impact Fund, LP provides capital to profitable, growth-oriented businesses in underserved regions throughout the U.S., including federally designated Opportunity Zones, with an emphasis on inner cities and targeted rural communities.

Arctaris Announces its Successful Exit from Portfolio Investment

May 17, 2017 Investment in minority-owned Moguldom provided capital for a strategic expansion to the Detroit market created over 10 full time and 50 contract jobs in Michigan. Arctaris’ investment and Moguldum’s growth laid the foundation for its acquisition, which delivered a strong return for investors.

UP Paper’s Rapid Growth Financed by Arctaris

October 12, 2017 When UP Paper faced rising demand for its Kraft paper produced from 100% recycled material, Arctaris provided a solution to fund rapid growth with $3.0 Million GrowthDebt loan facility.

Pontiac a case study in increasing economic opportunity

June 5, 2017 It was 2012, and in Pontiac, a group of government and business leaders came to the table to discuss the Strand Theatre. The shuttered, art deco-style cinema house, built in the 1920s, was listed among the assets the bankrupt city was looking to sell.