“The recipients of this year’s Co-op Innovation Awards are helping to strengthen communities by creating jobs, increasing the availability of affordable housing, expanding access to child care, and providing more of the opportunities that people need to succeed,” said Ellis Carr, President and CEO of Capital Impact Partners and CDC Small Business Finance, both of which are part of the Momentus Capital branded family of organizations.
“Supporting co-ops has been a pillar of our work since Capital Impact Partners was founded more than four decades ago as part of a federal effort to encourage co-op development. We have deployed more than $300 million in financial capital to worker-owned, consumer-owned (such as grocery stores) and resident-owned cooperatives,” Carr said.
“In celebration of the International Year of Cooperatives, I am proud to continue our support of the Co-op Innovation Award,” said Casey Fannon, President and CEO of National Cooperative Bank. “Providing financial grants to spur new co-op development is critical to helping cooperatives grow and prosper across the United States.”
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