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Archive for March, 2021

Minority-Owned Market Slated for La Cité Location

Baltimore, MD, March 16, 2021 – Market Fresh Gourmet, a minority-owned Maryland-based business, in partnership with Arctaris Impact Fund, a fund focused on building sustainable communities in Baltimore City, will focus on local employment opportunities with recruitment and training efforts through its workforce development programs. The grocer will provide fresh foods and prepared foods along with classes and special events for the neighborhood. As other phases of the Center\West project come online, the grocer will also expand its footprint.

Read more in the press release.

Pittsburgh suburbs Jeannette, New Kensington and others to benefit from new $20M investment fund

March 10, 2021 Regional news website TribLIVE discusses Arctaris partnership with Richard King Mellon Foundation, which played a significant role in the region’s development for more than seven decades.  RKMF helped underwrite everything from Pittsburgh’s original emergence from its status as the Smoky City during Renaissance I in the 1950s to the Digital Foundry, a new high-tech facility in New Kensington’s Corridor of Innovation.

Visit the article to learn more.

Foundation partners to invest $20M in distressed ‘opportunity zones’ around the region

March 10, 2021 As reported in the Pittsburgh Gazette, the Richard King Mellon Foundation is teaming with a Boston firm to invest $20 million in job initiatives and economic development in distressed communities in Allegheny and Westmoreland counties. The fund will target job creation and economic development initiatives in low-income communities in Allegheny, Westmoreland counties.

Visit the article to learn more.

Richard King Mellon Foundation partners with Arctaris Impact Investors

Pittsburgh, PA, March 10, 2021 – The Richard King Mellon Foundation and Arctaris Impact Investors announce a $20 million joint commitment to invest in a unique program for the Pittsburgh region that will bring the transformational power of Opportunity Zones to dozens of economically distressed communities in Allegheny and Westmoreland counties.

Read more in the press release.