Altcap

Small business development the organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligns with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the kansas city metropolitan region. In 2022, our affiliate organization deployed more than 3 million to neighborhood small businesses to assist with their recovery efforts after the economic impact of covid-19. The organizations continued to offer small businesses technical assistance directly as well as indirectly through partner entrepreneurship support organizations.

New market tax credits since 2008, the organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The organization cumulatively has deployed 213 million in new market tax credits allocation which were used to finance job creating businesses and as a catalyst for real estate development projects in kansas city metro area.