Driving Social Impact: 1-On-1 with Kresge Foundation On Opportunity Zones
June 7, 2019 Joshua Pollard's one on one Forbes interview with Kimberlee Cornett, Managing Director of the Kresge Foundation’s Social Investment Practice, about the challenge and opportunities of the investing in Opportunity Zones, as well as the intense vetting used in selecting Arctaris and CCM out of 100 funds to partner with and benefit from Kresge's $22 Million guarantee.
WEBINAR: Opportunity Zones and Community Impact: The Kresge Approach
May 8, 2019 The Kresge Foundation held this webinar on May 8, 2019 to detail how it has partnered with two impact investing firms -- Arctaris Impact and Community Capital Management -- to back their Opportunity Zones Funds that are build on a model of transparency, reporting and community impact. The firm representatives Jonathan Tower from Arctaris and David Sand from CCM joined Kresge's Social Investment Practice Managing Director Kimberlee Cornett and Social Investment Officer Aaron Seybert to discuss why Kresge back these funds with $22M in guarantee protection.
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.
Kresge Foundation commits $22M to back Arctaris, Community Capital Management Opportunity Zone Funds
March 18, 2019 The Kresge Foundation announced Monday it will partner with two established impact fund managers and provide $22 million in investments to anchor their emerging Opportunity Zone Funds, after these managers have agreed to a level of transparency, accountability, and disclosure thus far unheard of in the Opportunity Zones space.
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.
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.
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