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Arctaris Impact Investors, LLC (“Arctaris”) announced new Opportunity Zone investments in broadband infrastructure that will provide affordable, high-speed internet access to multiple low-income communities throughout Colorado and Maine.
The project funding in both states will include an estimated $60 million of equity investment from the Arctaris Opportunity Zone Fund, combined with guaranty agreements from The Colorado Health Foundation and the Finance Authority of Maine, which provide a principal-protection cushion equal to 20% of each investment.
“The Colorado and Maine programs show how foundations, government agencies and Opportunity Zone funds can team together to expand broadband access to low-income families and businesses located in some of the nation’s most challenging environments,” said Jonathan Tower, managing partner of Arctaris, a Boston-based impact investment firm founded in 20