The Abell Foundation and the local Neighborhood Impact Investment Fund will contribute $5 million toward a new program to assist startups in needy Baltimore communities. The investments will be part of a $25 million “Arctaris Baltimore” fund launched this week by Cambridge, Massachusetts-based Arctaris, an impact investment group. The Arctaris fund will make loans between $1 million and $5 million to small and mid-sized businesses to boost their growth potential. As loans are repaid, additional…
from https://www.bizjournals.com/baltimore/news/2020/01/31/abell-foundation-to-invest-4m-in-local-small.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190574535872
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