Abingdon, Virginia (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 […]

SHELBYVILLE, TENNESSEE, JULY 31, 2024 – Cooper Steel, a family-run company specializing in steel fabrication and erection, has secured $40.7 million in New Markets Tax Credit (NMTC) financing from four lenders to support its expansion project in Shelbyville, TN. The lenders include The Innovate Fund ($13 million), Pathway Lending ($12 million), Heartland Renaissance Fund ($11.7 […]

 SANTEE, SC (July 30, 2024) – Premium Peanut is pleased to announce the closing of a project finance transaction involving $42 million in New Markets Tax Credit (NMTC) allocation that will support the company’s expansion in Santee, South Carolina. This NMTC allocation will help finance construction of the Company’s new peanut shelling facility and was […]

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 […]