• A group of people cut the ribbon at the opening of a project financing by New Markets Tax Credit Allocations
  • Press Releases

    Ellis Carr of Momentus Capital Named to the Washington Business Journal’s “Power 100” List for 2023

    OCTOBER 17, 2023 (Arlington, VA/San Diego, CA) – Ellis Carr, the president and CEO of Capital Impact Partners and CDC Small Business Finance, part of the Momentus Capital branded family of companies, has been named to the Washington Business Journal’s annual Power 100 list.

    “We assembled our annual Power 100 list of the most influential business leaders with the pending revival of Greater Washington top of mind,” wrote Washington Business Journal Editor-in-Chief Douglas Fruehling. “Who has the courage to stand up and discuss our problems without holding back? Who has the leadership skills — and, sometimes, the dollars — to make a difference? Who can we count on?”

    Mr. Carr was one of 25 business leaders featured in the “Big Money & Financiers” section, which includes “the bankers, investors, and private and public behemoths driving the Greater Washington economy.”

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    Innovative Cooperatives Receive $170,000 in Grants From Capital Impact Partners and National Cooperative Bank

    The ninth annual Co-op Innovation Awards supported four organizations’ work in Louisiana, Massachusetts, New York, and Washington state.

    October 3, 2023 (Arlington, VA) – Four innovative cooperatives in four cities have received a combined $170,000 in catalytic grant funding from Capital Impact Partners’ 2023 Co-op Innovation Awards, which aim to increase cooperative development in communities living with low incomes and/or communities of color. 

    This year’s awards, issued by Capital Impact Partners and National Cooperative Bank, are funding projects such as:

    • A composting company owned and staffed by formerly incarcerated individuals
    • A collaborative effort to convert multi-family housing into resident-owned co-ops
    • A training program for queer and trans farmers, and farmers of color
    • Professional development for maternal health workers who serve historically disinvested communities

    “The recipients of this year’s Co-op Innovation Awards are helping to strengthen the kinds of shared pillars — access to housing, employment, health care, and healthy foods — that help build healthy communities and generational wealth,” said Ellis Carr, president and CEO of the Momentus Capital branded family of organizations, which includes Capital Impact Partners, among others. “Capital Impact Partners was founded more than four decades ago as part of a federal effort to encourage co-op development, and supporting the co-op model continues to be one of our key sectors. In addition to these grants, we have disbursed more than $315 million in loans to support cooperative businesses since our founding.”

    “Providing support to spur new co-op development is critical in helping cooperatives grow and prosper across the United States,” said Casey Fannon, president and CEO of National Cooperative Bank. “We are proud to continue our support of the Co-op Innovation Awards, which fully align with our mission and help improve the lives of our communities.”

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    Aeris Issues Strong Ratings for the Momentus Capital Branded Family of Organizations

    AUGUST 3, 2023 (Arlington, VA/San Diego,CA) – The Momentus Capital branded family of organizations announced today that Aeris — a leading expert in the financial and impact performance of community development financial institutions (CDFIs) and other private impact loan funds — has recognized it with strong ratings in the areas of impact management, financial strength and performance, and contribution to public policy.

    Read the full press release.

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    Cleveland Moves to Level the Playing Field for Historically Excluded Real Estate Developers of Color

    New program is being launched to increase diversity in Cleveland’s real estate industry and is expected to, in turn, uplift communities of color

    July 19, 2023 (Cleveland) –– Entrepreneurs of color trying to develop real estate in Cleveland now have access to an innovative new program aimed at eliminating barriers to success and providing them with the tools they need to shape the future of the city’s communities.

    Applications open today to register through August 6th for the Cleveland Equitable Development Initiative, which is designed to seed, mentor, support and create more opportunities for emerging real estate developers of color, particularly as they develop projects in the very communities they are from.

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    Capital Impact Partners, with Transformational Funding from The Morningstar Foundation, Awards $430,000 to Support Small Food Businesses and Nonprofit Organizations’ Cold Storage Needs in the Washington, D.C. Region

    Twelve grantees were awarded funds to support a variety of cold storage-related needs, from refrigerated vans to refrigerators in corner stores.

    July 19, 2023 (Washington, D.C.) - Capital Impact Partners is pleased to announce the grantees for the inaugural round of Keeping it Cool, a new grant initiative conceived and supported by The Morningstar Foundation. Keeping it Cool is designed to close the cold storage gap in the region, furthering access to healthy, nutritious foods across Washington, D.C. and the surrounding jurisdictions including Arlington, VA; Alexandria, VA, Fairfax County, VA; Montgomery County, MD; and Prince George's County, MD.  With so many small food businesses and nonprofit organizations working with and distributing perishable foods, cold storage is a critical component of offering, serving and distributing healthy food in the region.

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