Matthews International Searcy
Matthews International Corp. announced recently that it is expanding its operations in Searcy. The expansion will add approximately 15,000 sq. ft. to Matthews existing Searcy facility, while growing its manufacturing capabilities. Matthews International Corp’s consideration to invest in the community by expanding its Searcy operations is good news for Arkansas, State Secretary of Commerce Mike […]
UAMS Child Development Center
The approximately 20,000-square-foot Child Development Center will be built at the intersection of 11th and Monroe streets, just south of the Hillary Rodham Clinton Children’s Library and across Interstate 630 from the UAMS campus. The facility is expected to open in spring 2024. The center will have the capacity to provide services for about 200 […]
French Hill (R-AR02)
Arkansas Arts Center
Renovation, construction and equipping of Central Arkansas’s premier visual and performing arts institution
Our House
Our House announced on Aug. 17 that it has closed on a $10 million NMTC (New Markets Tax Credit) financing package to expand its services for families and individuals who are homeless in central Arkansas. The financing will enable Our House to double its transitional housing capacity with apartment style units dedicated to families, double […]
UAMS child development center on tap
The project is estimated to cost nearly $10 million, will be financed through the federal New Markets Tax Credit program, with additional money coming from donations, UAMS said.
Our House Closes $10M in NMTC Financing, Increases Capacity to Serve Central Arkansas Homeless
Our House announced on Aug. 17 that it has closed on a $10 million NMTC financing package to expand its services for families and individuals who are homeless in central Arkansas.
Arlo Washington, Devine Intervention Investment Fund, Little Rock, Arkansas
[The NMTC expands] access to opportunity for low income communities and disadvantaged small businesses
Jay Taylor, Friday Eldredge & Clark LLP, Little Rock, Arkansas
The NMTC has proven to be a very powerful tool to deploy much needed capital in communities that have been traditionally underserved. The successful track record of the NMTC program easily supports extension.
Saint Jean Industries WL
Expansion of an existing facility and the purchase of new equipment for an automobile parts manufacturer in Heber Springs, AR.
Safe Foods Corporation
NMTC brings first new manufacturer to industrial park in almost fifteen years.
First Orion
NMTC financing for the construction of its new, $15M 60,000 sq. ft. headquarters.
Arkansas Baptist College
Construction of a new residential dorm facility, cafeteria, and renovation of Old Main on the campus of Arkansas Baptist College.
Arlo Washington, People Trust Loan Fund, Little Rock, Arkansas
New Markets Tax Credits play a vital role in attracting investments to low-income communities in Arkansas and would not receive investments without them.
Sam Walls III, President, Arkansas Capital and Heartland Renaissance Fund, Little Rock
As a predominantly rural state, the NMTC has absolutely been the key piece in putting together capital stacks for projects in underserved areas. There is no substitute mechanism/tool that could replace the NMTC is the work that we do.