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Momentus Securities: Collateralizing small business loans to use institutional capital to create local impact
2023
Momentus Securities, part of the Momentus Capital branded family of organizations, was featured in this article by ImpactAlpha, a news outlet focusing on impact investing and sustainable finance: “Momentus’ social collateralized loan obligations are an example of the financial products emerging to fill the gap in small-business lending, particularly in low- and middle-income communities.”
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Detroit projects by community-rooted developers find grant funding through Capital Impact Partners’ EDI program
“Capital Impact Partners’ EDI program’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.”
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 underserved 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.”
Q&A with Aaron Gougis, Dallas Initiatives Manager at Capital Impact Partners/Momentus Capital
The Dallas Business Journal recognized Aaron Gougis, the Dallas Initiatives Manager for the Momentus Capital branded family of companies, in its annual “Leaders in Diversity” awards. In this Q&A, Gougis talks about the challenges that diverse developers face and potential solutions to those challenges.
Most Creative People in Business 2022: Ellis Carr, Momentus Capital
2022
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’ Equitable Development Initiative. For several years, this program has helped developers of color grow their businesses, overcome systemic racism, and create more affordable housing and other important real estate developments in Dallas, Detroit, the San Francisco Bay Area, and the Washington, D.C. Metro area.
Macy’s and Momentus Capital to Invest Millions to Fund Minority-Owned Businesses
S.P.U.R. Pathways: Shared Purpose, Unlimited Reach is a new initiative from Macy’s Inc. and Momentus Capital. The goal is to deploy $200 million to diverse-led businesses, including but not limited to the retailer’s suppliers. This innovative effort advances a longstanding Macy’s, Inc. commitment to underrepresented businesses and aims to galvanize the retail industry to invest in the next generation of entrepreneurs.
Capital Impact Partners and CDC Small Business Finance create Momentus Capital branded family of organizations to inclusively and equitably transform the financial services sector
Ellis Carr, president and CEO of Capital Impact Partners and CDC Small Business Finance, spoke with the AFRO, a Black-focused news outlet in the Washington, D.C. area. “Ultimately, our vision is to create a diversified, mission-driven financial services firm that provides communities with the opportunity to to build inclusive and equitable opportunities in their communities,” Mr. Carr said.
New Program Will Help Dallas Real Estate Developers of Color Create Affordable Housing
Capital Impact Partners’ Equitable Development Initiative 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 of color since 2018. Now it’s landed in Dallas with funding support from JPMorgan Chase & Co. and Charles Schwab Bank.
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Dallas developers of color find access to capital through inaugural initiative
There are too few real estate developers of color in Dallas — and not enough affordable housing. Capital Impact Partners expanded its Equitable Development Initiative into Dallas in 2022 to tackle both issues by providing emerging developers of color with training, mentorship, and access to capital. This article speaks to two graduates of the first cohort and spotlights how this will help their businesses and their communities.
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