Arctaris Adds Former Kaiser Permanente Diversity Chief Beverly Norman-Cooper to Board

Boston, MA, February 3, 2021 - Arctaris Impact Investors, LLC (“Arctaris”) announced today the addition of Beverly Norman-Cooper to its Board of Advisors. As the former Executive Director of National Supplier Diversity at Kaiser Permanente, Norman-Cooper led the increase in spend with certified women- and minority-owned suppliers from $1.3 billion to $2.3 billion in three years and pivoted the program to address the socio-economic determinants of health. Click here to learn more

Arctaris Welcomes Sorenson Impact CEO Geoff Davis to Board

Boston, MA, January 19, 2021 -  Arctaris Impact Investors, LLC (“Arctaris”) announced today the addition of Geoff Davis, CEO of the Sorenson Impact Center at the David Eccles School of Business, to its board of advisors. Davis will focus on overall impact strategy and directly engage with Arctaris’s portfolio companies. Arctaris and the Sorenson Impact Center have a shared mission to improve the quality of life for all people in their local communities through investing in social impact, education and entrepreneurial training. Click here to learn more

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 Financing to Support Expanded Broadband Access in Belfast and South Portland

Augusta, ME, December 22, 2020  The board approved a request by Arctaris Impact Fund, LP & Arctaris Opportunity Zone Fund, LLC (Arctaris) for 20% leveraged loan insurance on $9.5 million of funding to construct dark fiber networks in South Portland and Belfast. Read the press release to learn more.

Saddleback Mountain reopens Tuesday after five years

Rangeley, ME, December 15, 2020 After five long years closed, Saddleback Mountain, located just outside of Rangeley, will be welcoming skiers home. The ski area was purchased by Arctaris Impact Fund based out of Boston earlier this year, and the group has been working to revive the mountain since. Read the article to learn more.

FAME Approves Additional Saddleback Financing as Resort Prepares to Reopen

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

Against All Odds, Saddleback Ski Resort Will Reopen This Season

Boston, MA, November 11, 2020 Folks across New England have watched for years to see what would happen to this beloved ski mountain. Deals were brokered, and then fell through, one by one. But in early 2020, a deal was finally sealed, with a surprising partner.  Read more at the Boston Globe.

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.