Arctaris Impact Investors is inviting you to participate in our $25M Place-Based Opportunity Zone Fund Investment Initiative. This initiative intends to improve the quality of life for all Americans by providing Opportunity Zone investment capital for community development programs that would otherwise go unfunded. Arctaris will award each recipient $25 million or more of Opportunity Zone capital in combination with localized match dollars from government, philanthropic, or private sector partners.

Negotiations on a coronavirus relief bill have yet to enter the policy give-and-take stage as Republicans remain focused on a short-term measure that Democrats say is worthless and delaying progress toward a much-needed broader aid package.

This Brookings Institute brief uses historical data and the earliest indicators from the COVID-19 downturn to make the case for a people-first approach to federal infrastructure stimulus. The total cost of these programs would range from $167 billion to $327 billion.

Democrats passed a $3 trillion package in May that included an extension of unemployment benefits, new stimulus checks, aid for states and localities, but negotiations have gotten bogged down in the Senate. The White House is now considering taking unilateral action if the Senate is unable to reach a deal.

The New Jersey General Assembly has passed legislation creating a financing mechanism to help commercial property owners undertake clean energy and energy-efficient projects. The bill will enable the New Jersey Economic Development Authority to establish a Commercial Property Assessed Clean Energy (C-PACE) program.

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department's Economic Development Administration (EDA) is awarding $35.5 million in CARES Act Recovery Assistance grants to capitalize and administer Revolving Loan Funds (RLFs) that will provide critical gap financing to small businesses and entrepreneurs that have been adversely affected by the coronavirus pandemic across Pennsylvania.

The second stimulus proposal from the Senate Republicans, the HEALS Act, includes multiple smaller pieces of legislation. These components would provide another round of direct stimulus payments to Americans, extend unemployment benefits, freeze Medicare premiums, offer more PPP funding, and extend liability shields for businesses facing COVID-19-related lawsuits. The House released its second stimulus proposal, the HEROES Act, in May.

A revolving loan fund authorized by the County Commissioners to assist Delaware County small business owners has grown to $3.25 million. The fund was recently launched with a $2.5 million infusion by the Delaware County Board of Commissioners.

CDFA-PFM Capital Markets Webinar Series: Today's Bond Regulatory Environment
August 20, 2020 - 2:00 - 3:30 PM Eastern

CDFA-Bricker PACE Webinar Series: Policy and the Future of PACE
Tuesday, August 25, 2020 - 11:00 AM - 1:00 PM Eastern

Eastern Maine Development Corporation, a private, non-profit, mission-based lender, is seeking a new Loan Office to join its Lending Department team. The application deadline is August 24.

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