HELENWOOD, Tenn. (Feb. 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, S.C. (Sept. 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., […]
