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Detroit projects by community-rooted developers find grant funding through Capital Impact Partners’ EDI program
2023
“Capital Impact Partners’ Equitable Development Initiative’s latest round of pre-development grants, which were awarded in January, will be distributing $415,000 to 19 graduates of the program, all of whom are developers of color. That funding will be used for 16 different projects and will involve developing or renovating an expected total of more than 293,000 square feet of space in Detroit and Highland Park.”
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D.C. Mayor Bowser Administration Announces $500K in Nourish DC Grants to Food Businesses
Nourish DC was created in 2021 to support the growth of locally owned small food firms in communities by grocery and other amenities. The Bowser administration has awarded over $4.5 million in funding to Capital Impact Partners to serve as the Nourish DC program administrator. Each of the grantees will receive technical and loan assistance to support their businesses all-year round through Capital Impact Partners.
Capital Impact Partners/Momentus Capital Initiatives Manager Aaron Gougis Named “Community Champion” in Dallas Business Journal’s Leadership Awards
“As the Dallas Initiatives Manager, Gougis is responsible for leading the expansion of Capital Impact Partners’ EDI program in Dallas, which launched within the last year. Gougis said his goal is to help community-rooted real estate developers overcome barriers and bridge the access gap.”
Macy’s Plans to Invest Millions to Fund Small Businesses
2022
Macy’s and Momentus Capital have launched S.P.U.R. Pathways: Shared Purpose, Unlimited Reach to deploy $200 million to small businesses, including the retailer’s suppliers but reaching other entrepreneurs as well. This multiyear, multifaceted funding program is intended to advance entrepreneurial growth, close wealth gaps, and shatter barriers faced by small businesses.
Leveraging National Presence and Scale to Drive More Solutions for Local Challenges: Q&A with Capital Impact Partners/CDC Small Business Finance President & CEO Ellis Carr
Ellis Carr spoke with IFF, a fellow mission-driven lender, to talk about several major announcements that the Momentus Capital branded family of companies made in 2022, as well as some upcoming initiatives.
Capital Impact Partners and CDC Small Business Finance create Momentus Capital to transform the financial services sector
Why did Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies come together to create the Momentus Capital branded family of companies? In this interview with the AFRO, Momentus Capital president and CEO Ellis Carr discussed why it is so important to provide a continuum of social, financial and knowledge capital for local leaders, businesses and community organizations to bolster economic mobility and wealth creation.
There aren’t enough community-rooted real estate developers. This organization is changing the landscape
This year’s list of the Most Creative People in Business featured Ellis Carr, the president and CEO of the Momentus Capital branded family of companies, with an emphasis on Capital Impact Partners’ EDI program. The EDI program is a national initiative that helps community-rooted developers lead affordable real estate projects.
Capital Impact Partners Welcomes 15 Local Developers Into New Accelerator Program
The HAF program is funded by a grant of more than $5 million from the Amazon Housing Equity Fund and is intended to increase the number of community-rooted real estate developers and help to grow the affordable housing stock in the Washington, D.C., region.
New Program Will Help Dallas Community-Rooted Real Estate Developers Create Affordable Housing
Capital Impact Partners’ EDI program has already been rolled out in three other cities — Detroit, metro Washington, D.C., and the San Francisco Bay Area — training more than 200 developers since 2018. Now it’s landed in Dallas with funding support from JPMorgan Chase & Co. and Charles Schwab Bank.
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