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Archive for May, 2019

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 –

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.