The Innovate Fund Deploys $8MM of New Markets Tax Credits Allocation to Anchor “The Industrial Commons” and Revitalize Western North Carolina Manufacturing
MORGANTON, NC — 12/22/25 — The Innovate Fund (TIF), a certified Community Development Entity (CDE) dedicated to economic transformation, is proud to announce an $8,000,000 New Markets Tax Credit (NMTC) investment in The Industrial Commons (TIC). This transformative project will catalyze the rebirth of the textile and furniture industries in Morganton, North Carolina, by creating [...]