The work Momentus Capital is doing to deliver a continuum of financial, knowledge, and social capital is being recognized in both national media and local outlets.
We invite you to read highlights of that coverage below or follow the links to read full coverage on each news outlet’s website.
If you are a member of the media and have a press inquiry, please contact our media relations manager, David Greisman, at dgreisman@capitalimpact.org.
Detroit projects by developers of color find grant funding through Capital Impact Partners’ Equitable Development Initiative
“Capital Impact Partners’ Equitable Development Initiative’s latest round of pre-development grants, which were awarded in January, will be distributing $415,000 to 19 graduates of the program, all of whom are developers of color. That funding will be used for 16 different projects and will involve developing or renovating an expected total of more than 293,000 square feet of space in Detroit and Highland Park.”
Nourish DC Collaborative, led by Capital Impact Partners, awards $500k in grants to local food businesses
Momentus Capital Initiatives Manager Aaron Gougis Named “Community Champion” in Dallas Business Journal’s Leaders in Diversity Awards
“As the Dallas Initiatives Manager, Gougis is responsible for leading the expansion of Capital Impact Partners’ Equitable Development Initiative in Dallas, which launched within the last year. Gougis said his goal is to help real estate developers of color overcome systemic racism and bridge the access gap.”
Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses
Macy’s and Momentus Capital have launched S.P.U.R. Pathways: Shared Purpose, Unlimited Reach to deploy $200 million to diverse-led businesses, including the retailer’s suppliers but reaching other entrepreneurs as well. This multiyear, multifaceted funding program is intended to advance entrepreneurial growth, close wealth gaps, and shatter systemic barriers faced by diverse-owned and underrepresented businesses.
Leveraging National Presence and Scale to Drive More Solutions for Local Challenges: Q&A with Momentus Capital President & CEO Ellis Carr
In this interview, Ellis Carr discusses the impetus behind the formation of the Momentus Capital branded family of companies — and how it will enhance the work that Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies are doing.
Capital Impact Partners and CDC Small Business Finance create Momentus Capital to inclusively and equitably transform the financial services sector
This article by the AFRO — a news outlet in the Washington, D.C., area — spotlights the announcement that created the Momentus Capital branded family of companies, and describes the innovative strategies and programs being put in place both locally and nationwide: “Momentus Capital particularly seeks to support African-American entrepreneurs and communities who continue to be excluded from traditional financial services and the banking system.”
There aren’t enough Black real estate developers. This organization is changing the landscape
Ellis Carr, the president and CEO of the Momentus Capital family of companies, was selected by Fast Company in the business publication’s 14th annual list of the Most Creative People in Business. Fast Company highlighted Carr and Momentus Capital for creating the Equitable Development Initiative, a national program that helps developers of color overcome systemic issues and lead affordable real estate projects.
Momentus Capital to Assist Entrepreneurs of Color
“Momentus Capital says it combines its national presence with a local, place-based approach. It works with local leaders — including small business owners, social entrepreneurs, community-minded developers, policymakers, and builders of community facilities — to identify issues and drive solutions.”
Momentus Capital launches with vision to help boost community development lending
“Momentus Capital plans to develop new lending and investing products, offer technology for partners and lenders, create training and mentorship programs to tackle systemic inequities and more. ‘We are constantly working to rethink outdated approaches that limit who has access to capital,’ said president and CEO Ellis Carr in the statement. ‘Where others see risk, we see the opportunity to demonstrate that communities deserve investment.’”
