January 30, 2023
2022 was a landmark year for Advantage Capital as the firm celebrated 30 years of bringing capital and quality jobs to underserved areas across the country.
With 30 years behind us and a new year in front of us, we have much to celebrate. The businesses and entrepreneurs we invest in drive deep impact in their communities. We continue to make strides in working to meet the housing needs of vulnerable populations. And our solar developments are bringing clean energy to communities from New York to Colorado and beyond.
We are proud of the positive impact of our investments, like FIAT Products which was able to onshore its operations and transition into an America-owned business, preserving more than 40 jobs in rural Somerset, KY.
T.I. Contracting, a Louisiana-based business located just outside of New Orleans, has grown tremendously over the last few years and continues to offer accessible jobs to those in the surrounding community.
And Opendorse, which is changing the field of Name Image and Likeness (NIL), by providing university students a groundbreaking platform to capitalize on NIL—making college more affordable to thousands of students across the country.
Advantage Capital received its 14th Federal New Markets Tax Credit allocation. Our total award now stands at nearly $895 million since the program’s inception in 2001.
This means businesses like ACT Aerospace in Gunnison, UT can continue to grow jobs in a rural part of the state as one of the largest employers in the area.
And E-Pak in Wooster, OH will continue providing quality, accessible jobs to employees with training programs to upskill its workforce and provide its staff with career mobility.
Our mission is clear when it comes to our investments: support businesses in distressed communities that are ready to grow and deepen their community impact.
And we have had tremendous success in growing our other lines of business as well.
In 2022 we invested $85 million in affordable housing projects that will support the development of more than 1,100 units across 7 states.
Our solar team deployed $49.2 million in capital in 2022, and will continue investing in projects in 2023 to create sustainable energy for thousands of households.
Real Leaders Top Impact Company Five Years Running
2023 is already off to a great start. Advantage Capital secured its spot on the 2023Real LeadersTop Impact Companies list for the fifth year running–joining other major enterprises such as Tesla, Patagonia and Johnson and Johnson, we are in good company—a testament to how significant the work we do is.
Looking to 2023, we will continue to move onward and upward serving the businesses, people and communities that need it most.
“As I look back on another year, I am proud of the many successes of the Advantage Capital team, the entrepreneurs we invest in and the communities they impact. Our portfolio continues to grow and the businesses in it continue to drive economic development while delivering strong returns. I am eager to see what is in store for 2023.” Scott Murphy, Chief Investment Officer
“This past year we continued to do the tough work that is impact investing. But we know there is great reward in investing in businesses that continue to be overlooked by traditional forms of capital. Now, with Empower the Change, we are able to open the next chapter of targeted investing. I am thrilled to see where 2023 takes us.” Sandra M. Moore, Chief Impact Officer
“Since 1992, we have pursued our founding mission: bringing businesses, jobs and technologies to communities that have historically lacked access to investment capital, while providing returns to our investors. As we march into 2023, we remain committed to that mission.” Steven Stull, President
