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LISC teams up with Colorado Health Foundation to launch BIPOC small business growth fund, makes first two investments in Denver

LISC teams up with Colorado Health Foundation to launch BIPOC small business growth fund, makes first two investments in Denver
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Arctaris Funds Broadband Fiber in Opportunity Zones to Increase Digital Equity

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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 fir ....

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