Greenville, SC — 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 […]

Greenville, SC — 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 […]

Greenville, SC — 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 […]

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 […]