Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Enterprise’s first opportunity fund targets Main Street entrepreneurship in U.S. Southeast



ImpactAlpha, September 5 – ImpactAlpha yesterday outlined the small-business opportunity in opportunity zones, the low-income census tracts that qualify for hefty capital-gains tax breaks under last year’s tax bill.

Now comes word that Enterprise Community Partners is joining forces with Rivermont Capital and Beekman Advisors to launch an “opportunity fund” focused on local business development and entrepreneurship (ImpactAlpha reported on Beekman’s exploration in July).

Early movers are getting a jump on opportunity zones – and the future of community investing

The Rivermont Enterprise Emergent Communities Fund (or simply, the Emergent Fund), targeted at $250 million, will invest in “Main Streets” in small towns and rural areas in the Southeast, starting in North Carolina and Virginia. It is looking to begin making investments as early as this year.

Enterprise and its partners have targeted North Carolina and Virginia because of their demonstrated commitment to supporting entrepreneurship, small business and skill development. These efforts align with the Emergent Fund’s intended focus business development as a pathway to economic revitalization.

Seizing the opportunity to finance small businesses in new opportunity zones

The fund’s mission is to help preserve communities’ long-term affordability and prevent resident displacement. The partners have have pledged transparency for the fund’s activities.

You might also like...