Author: Emma Wyatt

MORGANTON, N.C. (Dec. 22, 2025) — 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 [...]

EDENTON, N.C.  (Dec. 16, 2025)- The Innovate Fund, a certified Community Development Entity committed to transforming underserved communities, today announced the closing of a $7,000,000 New Markets Tax Credit (NMTC) investment to support a catalytic commercial redevelopment project in Edenton, North Carolina. This vital funding will drive economic growth and create 155 quality jobs in [...]

TAZEWELL, Va. (Sept. 17, 2025) – The Innovate Fund (TIF) announced a strategic investment today in an economically distressed area of Tazewell, Virginia, to finance a project that will significantly expand local healthcare services and create dozens of new jobs.  The investment, made possible through New Markets Tax Credits (NMTC), will fund the construction of [...]

GREENVILLE, S.C. (May 16, 2025) – The Innovate Fund (TIF), a New Markets Tax Credit (NMTC) Community Development Entity (CDE) dedicated to transforming communities in Central Appalachia, today announced changes to its Board of Managers, including the departure of its long-standing chairman and the appointment of two new members. TIF celebrates the contributions of David [...]

GREENVILLE, S.C. (May 7, 2025) – The Innovate Fund, headquartered in Greenville, S.C., is proud to announce a $9 million New Markets Tax Credit (NMTC) investment in Meals on Wheels of Greenville. These loans, made possible with the support of The Innovate Fund’s 51% owner, the Greenville Local Development Corporation (GLDC), will support the construction […]

AUGUSTA, Ga. (April 23, 2025) – The Innovate Fund announced a $10 million New Markets Tax Credits (NMTC) allocation to GF Casting Solutions (GFCS) to support the construction of a state-of-the-art, LEED-certified high-pressure die-casting manufacturing facility in Augusta, Ga. This significant investment will fuel economic growth and create hundreds of quality jobs in a deeply distressed […]

GREENVILLE, S.C. (Oct. 1, 2024) – Cherry Bekaert and The Innovate Fund are pleased to announce the appointment of Michelle Thompson, CEO of Cherry Bekaert Advisory LLC, to the Board of Managers for The Innovate Fund. Based in Greenville, SC, The Innovate Fund is a New Markets Tax Credit (NMTC) Community Development Entity (CDE) dedicated to […]

GREENVILLE, S.C. (Sept. 25, 2024)— The Innovate Fund is excited to announce that it has been awarded a substantial $40 million allocation of New Markets Tax Credits (NMTCs) as part of the Calendar Year 2023 Award. This vital funding will empower The Innovate Fund to further its mission of revitalizing communities by fostering job creation and […]

GREENVILLE, S.C. (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 […]

ABINGDON, Va. (July 31, 2024) – The Innovate Fund (TIF), a Community Development Entity, has announced a significant New Market Tax Credit (NMTC) investment of $5.5M in EO Companies (EO), a non-profit organization that focuses on education, workforce innovation, and wellness so that future generations can thrive in a rapidly evolving world. TIF’s Program Manager […]