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Southwest Florida Impact Partners reports millions deployed, says private equity fund fell short
Summary
Southwest Florida Impact Partners told the Fort Myers CRA board it helped deploy private and philanthropic capital into Dunbar-area businesses and development but failed to close a dedicated $2 million equity fund; partners say more than $3 million in equity and $10 million in development value were deployed over five years.
Dan O'Berski, representing Southwest Florida Impact Partners, told the Fort Myers Community Redevelopment Agency board that the nonprofit partnership did not close a planned equity fund but helped channel capital into the Dunbar neighborhood and MLK corridor.
"Over the course of the five years, we have deployed with our partners and with other private partners in excess of $3,000,000 equity and over $10,000,000 of development value," O'Berski said, summarizing activity the group has tracked while working with banks and local partners.
The presentation said a preliminary $1 million commitment from Bank of America and additional private commitments brought the initiative near $2 million in preliminary…
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