Organization: CENTRAL APPALACHIAN RURAL INVESTMENT
Mission: THE ORGANIZATION IS THE SOLE MEMBER OF ECLIPSE MANAGEMENT, LLC (EIN: 20-3676183) WHICH SERVES AS THE GENERAL PARTNER OF MERITUS VENTURES, LP. MERITUS VENTURES, LP IS CERTIFIED AS A RURAL BUSINESS INVESTMENT COMPANY (RBIC) BY THE RURAL BUSINESS INVESTMENT PROGRAM (RBIP). AS GENERAL PARTNER, ECLIPSE MANAGEMENT, LLC WILL PROVIDE INVESTMENT ADVISORY SERVICES TO MERITUS VENTURES, LP TO INSURE PROGRAM RELATED COHESIVE AND PRUDENT INVESTMENTS IN THE APPALACHIAN CORRIDOR.
Activities: THE ORGANIZATION IS A SUPPORTING ORGANIZATION FOR TECHNOLOGY 2020, INC. NOW KNOWN AS THREE ROOTS CAPITAL, INC. A 501(C)(3) ORGANIZATION AND KENTUCKY HIGHLANDS INVESTMENT CORPORATION, A 501(C)(4) ORGANIZATION. ITS PURPOSE IS THE AMELIORATION OF POVERTY THROUGH ECONOMIC DEVELOPMENT IN THE APPALACHIAN CORRIDOR. THE ORGANIZATION ACTS AS A GENERAL PARTNER TO AN ENTITY WHICH MANAGES THE INVESTMENTS IN LOW INCOME COMMUNITIES AND THE CONTRACTS FOR MANAGEMENT SERVICES TO INSURE COHESIVE, PROGRAM RELATED INVESTMENTS.
NTEE category: Philanthropy, Voluntarism & Grantmaking Foundations
Secondary category: Community Improvement & Capacity Building