Tammy Propst Joins Greenville Local Development Corporation’s Board of Directors

Greenville, SC — Sept. 25, 2024— The Greenville Local Development Corporation (GLDC) and The Innovate Fund are pleased to announce that Tammy Propst, founder of The Innovate Fund, has joined the Board of Directors of the GLDC. This strategic addition reflects a continued commitment to strengthening the economy in and around Greenville, SC through support to small businesses.  

Since its inception in 1979, the GLDC has been dedicated to overcoming financial barriers faced by Disadvantaged Business Enterprises (DBCs) in the Greenville, South Carolina area. With the establishment of its New Markets Tax Credit (NMTC) program, Greenville New Markets Opportunity, and the subsequent formation of The Innovate Fund (TIF) in 2011, the GLDC has broadened its impact across South Carolina, North Carolina, Tennessee, Georgia, Virginia, and West Virginia. Together, these initiatives have created over 7,000 jobs, provided community services to over 400,000 low-income community residents, and developed/ redeveloped over 3 million square feet of real estate in underserved communities. 

Tammy Propst, who also serves on The Innovate Fund’s Board of Managers, brings a wealth of experience and dedication to the GLDC. Under her leadership, The Innovate Fund has deployed $377 million in NMTC allocations, generating an economic impact of over $2 billion in low-income communities throughout the Southeast.

“I am thrilled to join the Board of Directors of the Greenville Local Development Corporation,” said Tammy Propst. “The GLDC has been a remarkable partner for over 20 years, and I am eager to contribute to our shared mission of community transformation. I am also incredibly proud of the work The Innovate Fund does, particularly in Central Appalachia, and I look forward to continuing to foster economic growth and opportunity in these vital regions.”

David Barnett, Chairman of the GLDC and TIF Boards, expressed his enthusiasm for Tammy’s appointment. “Tammy’s expertise and passion for community development make her an invaluable addition to our board. Her proven track record with The Innovate Fund aligns perfectly with our goals, and we are excited to have her on board as we continue our work in transforming communities.”

The GLDC Board also includes esteemed members such as Bogue Wallin, Peter Waldschmidt, Anne Ellefson, Charles Mickel, Andrew Kurtz, Marchie Hepner, Kylie Felker, and Melanie Brown, all of whom are committed to fostering economic growth and opportunity in the region.