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 […]
CLIO, S.C., Jan. 31, 2020 — The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation in Greenville, S.C., has allocated $15 million in New Markets Tax Credits (NMTC) for the $20.5 million acquisition and renovation of the former 162,000 square foot Baldor Electric facility in Clio, SC into […]
North Charleston, S.C., Nov. 26, 2019–The Innovate Fund announced Nov. 15, 2019, an allocation of $7 million in new markets tax credits to Ingevity Corporation for the construction of its new headquarters in North Charleston, S.C. Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance. The new headquarters is […]
SPARTANBURG, S.C., Oct. 25, 2019— The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation in Greenville, S.C., has allocated $10 million in New Markets Tax Credits (NMTC) to complete the $18.1 million construction of the TK Gregg Community Center, the latest addition to the Northside Initiative in Spartanburg, SC. […]
GREENVILLE, S.C., Sept. 26, 2019/— The Innovate Fund, a Community Development Entity (CDE) managed by taxadvantagegroup and Greenville Local Development Corporation in Greenville, S.C., has allocated $11.5 million in New Markets Tax Credits (NMTC) to complete the $12.6 million Poe West redevelopment located in the heart of the Village of West Greenville. The Furman Co., […]
