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Impact Partners reports $25 million in partner-led development, says formal fund closed in Dec. 2024
Summary
A representative for Southwest Florida Impact Partners told the CRA the organization closed its formal fund in December 2024 but partners and programs continue to support small-business coaching and about $25,000,000 of development activity in the region.
Denise Croon introduced the CRA's annual grant update from Southwest Florida Impact Partners. A representative identified in the record as Mr. Danaberski summarized the group's work and said the organization did not reach its original goal of raising a dedicated private equity fund but continued other support activities.
"We technically closed Southwest Florida Impact Partners December 2024," Danaberski said, while noting the mission and partner activity continue without the formal fund structure. He said partners have supported roughly "$25,000,000 of development" and focused on coaching, operational assistance and helping small businesses establish foundational infrastructure.
Danaberski described early institutional interest from banks but said ongoing operational expenses and private-equity constraints made sustaining the fund difficult. He said the group's role has shifted toward partner-led investment, technical assistance and cultivating development relationships the CRA can leverage.
The update was presented as part of the CRA's compliance reporting for a special events grant; the representative said partners remain active in pursuing capital and supporting revitalization projects. No formal action was required or taken on the item.
