GREENVILLE, S.C., June 17, 2024 – TD Bank, N.A., today announced that it and the TD Community Development Corporation (TDCDC), a wholly-owned subsidiary, together provided a $2 million New Markets Tax Credits (NMTC) allocation and a $5.99 million tax equity investment to fund a new shelter for victims of domestic violence operated by Safe Harbor […]
The Innovate Fund, a Certified Community Development Entity (CDE) with a focus on utilizing New Markets Tax Credits (NMTC) to transform low-income communities, is proud to announce that it has expanded its service area. The new service area now includes Virginia and West Virginia, in addition to its currently served states of South Carolina, North […]
Greensboro, North Carolina (March 20, 2024) – The Innovate Fund (TIF), a Community Development Entity serving North Carolina, has announced a significant New Markets Tax Credits (NMTC) investment of $12MM in The Resurgent project. This innovative, five-story office building construction project is spearheaded by the North Carolina A&T Real Estate Foundation and Cone Health. Cone […]
Savannah, Ga. (Feb. 12, 2024) — The Innovate Fund, a Community Development Entity based in Greenville, S.C., has announced a significant New Market Tax Credit investment of $6 million in America’s Second Harvest Food Bank of Coastal Georgia’s project. This investment will fund the construction of a new distribution hub and warehouse facility that will […]
GREENVILLE, S.C. (Oct. 12, 2023) — The Innovate Fund has secured a $50 million allocation from the federal Community Development Financial Institutions (CDFI) Fund, the Greenville, S.C.-based community development entity announced today. This is The Innovate Fund’s seventh allocation from the CDFI Fund, a program administered by the Treasury Department. The Innovate Fund (TIF) anticipates […]
ANDERSON, S.C., April 1, 2022— A 150,000 SF manufacturing expansion is being undertaken in Anderson, SC as a result of a $10 Million allocation of New Markets Tax Credits (NMTC) from The Innovate Fund. The Innovate Fund, a NMTC CDE, prioritized investment to this manufacturing expansion due to the project being in an Appalachian Regional […]
ORANGEBURG, S.C. (FEB. 27, 2022) — Claflin University will soon break ground on construction of a three-story activity center, which will be made available to the greater Orangeburg County community, because of investment from The Innovate Fund. The Innovate Fund, a New Markets Tax Credits (NMTC) Community Development Entity, provided $15 million, part of a […]
ATLANTA, Ga. (FEB. 21, 2022) — Renovation will soon be underway at the Grady Ponce De Leon center, an HIV/AIDS clinic providing various medical and support services for people living with HIV/AIDS, due to investment from The Innovate Fund. The Innovate Fund, a New Markets Tax Credits (NMTC) Community Development Entity, provided $12.5 million to […]
HELENWOOD, TENNESSEE (FEBRUARY 1, 2022) — The Innovate Fund, a New Markets Tax Credits (NMTC) Community Development Entity, provided necessary financing to Container Technologies Industries in Helenwood, Tenn., in order to complete a major expansion project. The project is located in an Appalachian Regional Commission (ARC) Distressed Area with a poverty rate of 35.9 percent […]
GREENVILLE, SC (SEPTEMBER 16, 2020)–The Innovate Fund, a Community Development Entity (CDE) managed by Tax Advantage Group by Cherry Bekaert and Greenville Local Development Corporation in Greenville, S.C., has allocated $16.5 million in New Markets Tax Credits (NMTC) to complete the $19 million commercial phase of the greater Judson Mill redevelopment, a 35-acre, 800,000 square foot historic campus, located in West Greenville. A joint […]
