CDFA member Arctaris Impact Investors, along with the Richard King Mellon Foundation, announced the launch of the Arctaris Southwestern Pennsylvania Opportunity Zone Program and first investment in the region. The $20 million program will invest in projects that support economic development, workforce training, and sustainable job creation in Opportunity Zones within Allegheny and Westmoreland counties.

Promised Land Opportunity Zone Farms I, LLC has announced that it recently closed a $50 million debt financing with Conterra Agricultural Capital, LLC. The 10-year financing facility expands Promised Land's ability to stimulate economic development and promote employment across agricultural communities.

Investment in Opportunity Zones continued to grow in the first half of 2021, with qualified opportunity funds tracked by Novogradac surging past $17.5 billion in equity raised.

Despite their flaws, Opportunity Zones continue to show promise as a powerful tool to attract investment to neglected communities. This is in part due to its scope, covering much more of the country than previous federal economic development programs. Ensuring that the OZ program lives up to its full promise will require both local initiative and national reform.

IMPACT Community Capital has closed the new $210 million IMPACT Mortgage Opportunity Fund developed in partnership with Rose Community Capital's Bridge Lending Program for affordable housing properties. The loans provide borrowers time to apply for permanent financing and government subsidy programs.

Governor Larry Hogan announced that seven manufacturing and retail businesses will receive $500,000 to expand and grow in Maryland Opportunity Zones.

Intro Tax Credit Finance WebCourse
September 29-30, 2021 - Daily: 12:00 - 5:00 PM Eastern

SSBCI Learning Series - Module II
September 24, 2021 - 1:00 PM Eastern

CDFA-Bricker PACE Webinar Series: Best Practices for Marketing & Selling PACE Across All Market Sectors
Tuesday, September 29, 2021 - 2:00 PM - 4:00 PM Eastern

CDFA Virtual National Summit
November 1-5, 2021 - Daily: 1:00 PM - 5:00 PM (Eastern)

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During this webinar, expert panelists provided best practices and tips for economic development practitioners on driving investments into rural Opportunity Zones in Texas.

A Playbook for Scaling Latino-Owned Businesses is designed to support the scaling and continued growth of Latino-owned businesses by offering entrepreneur support organizations, financial institutions, and other stakeholders actions they can take to offer Latino entrepreneurs greater access to financial capital, expanded markets, and support for rapid scale.

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