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Broadstreet Impact Services has deployed $35 million in the Thriving Communities Fund to support local businesses and job creation, leveraging NMTCs with TD Community Development Corporation as a lead investor.

Jul 29, 2025•about 2 months ago

Amount Raised

$35 Million

ChicagoNon Profit

Investors

Td Community Development Corporation

Description

Broadstreet Impact Services announced that it has fully deployed the $35 million Thriving Communities Fund, aimed at supporting investment in low-income communities. The fund utilizes NMTCs to provide capital for developmental projects that improve local businesses and services. It targets commercial renovations to revitalize blighted properties and enhance community well-being. This initiative seeks to create jobs while improving access to education, health, and social services.

Company Information

Company

Broadstreet Impact Services

Location

Chicago, Illinois, United States

About

Broadstreet Impact Services is an organization focused on impact investment that supports business investment, community facilities, and job creation in low-income communities through innovative financing tools like the New Markets Tax Credits. The company aims to restore shuttered facilities and enhance community well-being by providing affordable capital resources. Their initiatives contribute to economic opportunities while addressing critical issues such as food insecurity and job training.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech