News

Enhanced Capital is Seeking 2025 Summer Interns

October 15, 2024

Enhanced Capital is excited to announce the application for our 2025 summer internship program is now open! We are currently seeking in-person interns to join our Small Business Lending, Climate Finance, and Impact Real Estate teams for the summer session of 2025.

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Enhanced Capital’s Parthie Darrell Orth to Speak on SBIA Webinar

October 9, 2024

Parthie Darrell Orth, Enhanced Capital‘s Head of Investor Relations, will speak on a Small Business Investor Alliance (SBIA) Women Investors Networking Council (WINC) webinar on Wednesday, October 9th, at 2:00 pm ET. This online webinar, titled “WINC Career Development Meeting Spotlight on Investor Relations,” will explore key insights into the role of investor relations in today’s evolving financial landscape.

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Enhanced Capital’s Michael Korengold Speaks on Private Credit Solutions at P10’s Investor Day

September 20, 2024

Enhanced Capital was honored to participate in its parent company P10’s Investor Day, where Enhanced Capital President and CEO, Michael Korengold, discussed P10’s Private Credit Solutions.  This collaborative platform brings together the expertise of Enhanced Capital, Five Points Capital, Hark Capital, and Western Technology Investment, each focused on unique market segments that offer compelling opportunities.

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Michael Korengold to Speak at ALTSSV

August 29, 2024

Enhanced Capital President and CEO Michael Korengold will speak at ALTSSV on September 5th, from 11:20 am to 11:55 am PST in Mountain View, CA. He will be a featured panelist in the session titled “How Global Economic Shifts Are Creating the Golden Age of Private Credit.”

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Bloomhaven Innovative Living Community Receives a 2023 Landmarks Illinois Richard H. Driehaus Foundation Preservation Award for Adaptive Reuse and the Legacy Award

October 3, 2023

Enhanced Capital is excited to announce the Bloomhaven Innovative Living Community received a 2023 Landmarks Illinois Richard H. Driehaus Foundation Preservation Award for Adaptive Reuse. This annual award program honors exceptional preservation efforts across Illinois and is celebrating its 30th Anniversary this year.

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Enhanced Capital is Seeking 2023 Summer Interns!

March 6, 2023

For 23 years, Enhanced Capital has brought economic opportunity to disadvantaged and overlooked communities. Our investments have made a profound impact, transforming and supporting communities, local economies and businesses across America.

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North Austin Community Center Ribbon Cutting Ceremony

February 15, 2023

Enhanced Capital’s Chris Shinaberry was pleased to join elected officials and hundreds of other community members at the ribbon-cutting for the opening of North Austin Community Center (NACC) in Chicago, IL.

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Enhanced Capital Attends New York Stock Exchange Welcoming P10

December 5, 2022

Enhanced Capital’s Michael Korengold, Shane McCarthy, Parthie Orth, Richard Montgomery, Dave Huston, and Mark Slusar joined P10’s Chairman and Co-CEO Robert Alpert, Co-CEO Clark Webb, and other members of leadership to ring the Opening Bell at the New York Stock Exchange on Monday, December 5, 2022.

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Enhanced Capital is Seeking Summer Interns!

March 16, 2022

The ideal candidate should be prepared to work in a fast-paced environment and will finish the internship having gained experience in various aspects of our impact investing business.

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Gingee Prince Featured in Green Horizons Podcast

March 4, 2022

Gingee Prince, Enhanced Capital’s Managing Director and Chief Impact Officer, is pleased to join James Williams on his latest edition of the Green Horizons podcast, which is dedicated to exploring ESG practices within private market investments.

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Michael Korengold Featured in Debtwire Podcast

January 27, 2022

“We look for investments that create not just a financial return but also an impact return,” stated Michael Korengold, Enhanced Capital’s CEO and President, in a podcast with Debtwire’s Reshmi Basu, discussing the impact investing space.

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Enhanced Capital Announces the First Deal of Its Pennsylvania Rural Fund

October 6, 2021

Enhanced Capital is proud to participate in an innovative state program to provide rural small businesses in Pennsylvania, such as Sharpsville Container Corporation (SCC), with access to capital. SCC is a process equipment manufacturer that offers integrated engineering solutions primarily focused on fluid and gas handling containment.

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Enhanced Capital Announces Investment in SMiZE Cream in Partnership with Global Impact Firm

February 16, 2021

Today, Enhanced Capital Group, LLC announced its investment in SMiZE Cream, a start-up ice cream business wholly owned by entrepreneur and supermodel Tyra Banks. SMiZE Cream is the first deal of the Enhanced Capital and TriLinc Global, LLC partnership, aiming to provide financing to growth-oriented small businesses that support local economies throughout the US.

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Small Business Spotlight

December 7, 2020

As the COVID-19 pandemic continues to impact our economy, it is important to support small retail businesses in our communities. Small businesses have a tremendous impact on the growth and innovation of local economies, as they are a critical component of the US labor market for both job creation and retention. For more than 20 years, Enhanced Capital has provided small businesses with the access to capital they need to grow and create jobs.

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1st & 2nd Quarter Impact Lending Deal Closings Report 2020

August 28, 2020

Throughout the first and second quarter of 2020, Enhanced Capital provided $19.6 million in impact investments to small businesses located in underserved areas. A total of 12 new projects across 7 states were added to Enhanced Capital’s impact lending portfolio.

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Enhanced Community Development Awarded $35 Million in New Markets Tax Credit Allocation from U.S. Treasury Department

July 16, 2020

Enhanced Community Development, a subsidiary of Enhanced Capital, announced that it has been awarded $35 million in New Markets Tax Credits (NMTC) allocation. This award marks the eighth time Enhanced Community Development has been awarded federal New Markets Tax Credits. Including this most recent round, Enhanced Community Development has received a total of $390 million in federal NMTC allocation.

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Enhanced Capital Launches National C-PACE Financing Platform

August 19, 2019

Enhanced Capital has announced the launch of its national Commercial Property Assessed Clean Energy (C-PACE) financing platform.  Enhanced will finance eligible energy efficiency measures in qualifying programs throughout the U.S.  By offering C-PACE financing, Enhanced continues its mission of supporting and strengthening local communities.

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Enhanced Capital Provides Financing to Grow Luther Griffin Farm Affiliate

March 21, 2019

The Georgia Agribusiness and Rural Jobs Act (GARJA) program is continuing to support growth in the state’s agricultural industry through an investment in Keith Griffin Farm. The company is an affiliate of family-owned Luther Griffin Farm, a 7,400-acre farm near Bainbridge, Georgia. With financing from Enhanced Capital, Keith Griffin Farm was able to purchase additional land and install irrigation systems to support this expansion.

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Three Renovation Projects Supported by Enhanced Capital Receive Recognition

February 2, 2019

Three redevelopment projects financed by Enhanced Capital are making waves in the architecture world as some of the country’s “most brilliant factory revivifications.”

Featured in the recent Architectural Digest article “Architects Find New Inspiration in Abandoned American Factories,” historic rehabilitation efforts are reinventing decaying urban and industrial landscapes as they bring luxury hotels, retail spaces and galleries into operation. Enhanced Capital is proud to have invested in three of the eight projects that made the list.

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Enhanced Capital Closes Financing with Cabinet Concepts, Reinvigorates Georgia’s Manufacturing Industry

January 1, 2019

A shuttered manufacturing facility in rural Eatonton, Georgia, will re-open its doors and restore dozens of jobs thanks to an investment from Enhanced Capital through the Georgia Agribusiness and Rural Jobs Program.

With over 35 years of experience in the fabricated wood millwork industry, George Habib has opened Cabinet Concepts, manufacturing affordable cabinets for new home construction as well as kitchen and bath renovation projects.

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Enhanced Capital’s Ohio Rural Business Growth Fund Closes Financing with MCS Manufacturing

November 15, 2018

Enhanced Capital announced today an investment in MCS Manufacturing through the Ohio Rural Business Growth Program that provided MCS with flexible capital for working capital and expansion initiatives. With this financing, MCS has the liquidity and financial flexibility needed to pursue growth objectives, including the hiring of additional staff members.

“MCS Manufacturing is expanding quickly to meet the growing need for manufacturing services,” said CEO and President Aaron Call, who founded MCS Manufacturing in 2008. “Enhanced Capital’s flexible financing has allowed MCS to increase production of quality, custom products for our clients.”

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Enhanced Capital Launches Ohio Rural Business Growth Fund

September 7, 2018

Under a recently enacted Ohio small business investing program, Enhanced Capital has closed a $25 million state-approved capital formation fund to provide financing to small businesses in the rural counties of Ohio. The goals of the Ohio Rural Business Growth Program include attracting capital investment, retaining existing jobs, creating new jobs within existing businesses and attracting new business and industry to rural counties of Ohio.

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Enhanced Capital Closes Georgia Rural Jobs Fund to Support Small Businesses

August 9, 2018

Under a recently enacted Georgia small business investing program, Enhanced Capital has formed a state-approved capital formation fund to provide financing to small businesses in rural parts of the state.

While Atlanta and larger metropolitan areas are booming, many rural communities in Georgia continue to see their local economies fall behind as businesses close and residents migrate to larger cities. In 2017, the Georgia General Assembly approved the Georgia Agribusiness and Rural Jobs Act (GARJA) to address access to capital needs for small businesses in rural Georgia.

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Progress Report Highlights Growing Need for New Markets Tax Credit Funding in Distressed Communities

July 20, 2018

The recently released 2018 New Markets Tax Credit (NMTC) Progress Report highlights the growing demand and need for NMTC funding to expand businesses and create jobs in distressed communities.

The 14th edition of the report, released by the New Markets Tax Credit Coalition in June, reviews and analyzes NMTC activities in 2017. By deploying over $3.9 billion in NMTC allocations, community development entities such as Enhanced Community Development, a subsidiary of Enhanced Capital, financed 272 NMTC projects last year, the report shows. Over 83 percent of the projects financed were in severely distressed communities, bringing health care facilities, manufacturing businesses, vocational training centers and jobs to many low-income families across the United States.

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Community Impact Report Highlights Enhanced Capital’s Impactful Investing

March 9, 2018

A cutting-edge clean energy company converting waste into renewable energy, a specialty agricultural operation in rural America, a new school in a hurricane-impacted neighborhood in New Orleans and a manufacturing business providing jobs in Utah are among projects highlighted in Enhanced Capital’s new Community Impact Report. Released at the beginning of 2018, this report highlights the positive impact of recent economic development projects supported by Enhanced Capital.

Since 1999, Enhanced Capital has been committed to providing capital to businesses underserved by many traditional investors. From the opening of a tissue mill in rural Maine, to the expansion of a renewable energy facility in Utah, we have witnessed the catalytic economic impact our investments have within communities across the nation.

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New Orleans Small Tech Business Attracts $60 Million in New Funding

April 13, 2017

A homegrown tech business is making strides toward developing New Orleans’ high-tech industry and expanding its local and global footprint thanks to an initial investment through Louisiana’s Certified Capital Company (CAPCO) program.

Lucid, a 5-year-old market research firm that received an investment from Enhanced Capital through the Louisiana CAPCO program, has gone from being a promising tech startup to a high-growth business with global aspirations.

 

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Inbox Health Raises $1.5 Million to Reinvent Patient Billing and Payments

February 8, 2017

Inbox Health, a startup transforming patient billing and payments, has closed a $1.5 million Seed Round of funding. The round was led by Connecticut Innovations, with participation from Launch Capital, Enhanced Capital, I2BF Global Ventures, David Sturek (partner at Giganteus PE Management), Mohawk Ventures, and Margaret Ricciardi. The round will help the company accelerate its sales and marketing efforts, as well as to grow their research and development team.

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Spot On Networks Announces New Community-Wide WiFi Network in Country’s Largest Affordable Housing Development

December 28, 2016

Through the state of Connecticut’s Invest CT program, Enhanced Capital has provided private growth capital to a variety of Connecticut-based businesses. One of those companies, Spot On Networks, recently announced an exciting project.

The project, Queensbridge Connected, will bridge a major digital divide as the largest affordable housing, community-wide WiFi network in the United States. Spot On Networks, a managed wireless service provider headquartered in New Haven, Connecticut, recently turned on the new network at the Queensbridge housing complex, in Long Island City, New York, which includes more than 3,000 units in 95 buildings with 7,000 residents.

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Brighter Health Network, LLC Announces Acquisition of Urodynamic Testing Specialists

September 22, 2016

Brighter Health Network, LLC (BHN), which offers medical diagnostic solutions such as urodynamic testing services, today announced it has acquired Urodynamic Testing Specialists (UTS) for an undisclosed amount. The acquisition is expected to be immediately accretive to earnings and will significantly increase BHN’s top and bottom lines.

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Catherine Blume Took Home the Millennium Award

July 17, 2016

Enhanced Capital’s Catherine Blume took home the Millennial Award in the Financial Services category after being chosen as one of three finalists from over 200 nominations. The “Voices of a Generation” themed Millennial Awards external link honored New Orleans millennials who make significant contributions in their industry and well as making a positive impact in the community.

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Connecticut Senate Majority Leader Highlights Investments in Small Business

February 1, 2016

Senate Majority Leader Bob Duff (D-Norwalk) joined Syd Kain, President of Sovereign Home Health Connecticut, at the company’s Norwalk headquarters to tout the state’s InvestCT program (formerly the Insurance Reinvestment Fund) which helped Sovereign Home Health create 40 jobs.

“Because of Enhanced Capital and InvestCT program, we were able to put Sovereign Home Health of Connecticut on a growth course,” Kain concluded.

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Connecticut Senate Majority Leader Highlights Investments in Small Business

February 1, 2016

Senate Majority Leader Bob Duff (D-Norwalk) joined Syd Kain, President of Sovereign Home Health Connecticut, at the company’s Norwalk headquarters to tout the state’s InvestCT program (formerly the Insurance Reinvestment Fund) which helped Sovereign Home Health create 40 jobs.

“Because of Enhanced Capital and InvestCT program, we were able to put Sovereign Home Health of Connecticut on a growth course,” Kain concluded.

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Enhanced Capital Awarded $50 Million in New Markets Tax Credits

Enhanced Community Development, a subsidiary of Enhanced Capital, has been awarded a $50 million allocation in the competitive federal New Markets Tax Credit (NMTC) program. Administered by the Community Development Financial Institutions Fund of the U.S. Department of the Treasury, the New Markets Tax Credits allocations for the 2018 allocation round were announced May 23.

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