CDE: Heartland Renaissance Fund

Sam Walls, III has been with Arkansas Capital Corporation and Heartland Renaissance Fund for over 20 years and was named CEO January 2022. A 1996 graduate of Bowen Law School

Delta Peanut

Kennett,
MO
(2021)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Community Development Venture Capital Alliance, Hampton Roads Ventures, Heartland Renaissance Fund

The construction of a peanut processing plant that allows Delta Peanut, a cooperative of 73 family-owned peanut farms, to process and directly sell its peanuts, rather than outsourcing this activity

Saint Jean Industries WL

Heber Springs,
AR
(2020)

Auto Manufacturing, Business Development, Manufacturing, Rural

CDE(s): Heartland Renaissance Fund

Expansion of an existing facility and the purchase of new equipment for an automobile parts manufacturer in Heber Springs, AR.

Express Grain Terminals Greenwood

Greenwood,
MS
(2020)

Business Development, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Heartland Renaissance Fund, Local Initiatives Support Corporation

NMTCs financed the expansion of a soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement.

Homeland Grocery

Oklahoma City,
OK
(2020)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Heartland Renaissance Fund, USBCDE

Financing for the construction of a new 30,000 sq. ft. full-service grocery store located in a designated food desert in the northeast neighborhood of Oklahoma City, OK.

Open Avenues

Rogers,
AR
(2011)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Youth and Families

CDE(s): Heartland Renaissance Fund

Open Avenues, a 501(c) that fosters independent living and work skills for disabled adults, used a $6.5 million New Market Tax Credit allocation to support financing of their new headquarters

Highland Pellets

Pine Bluff,
AR
(2017)

Adult Education, College or Vocational Training, Community, Energy, Manufacturing

CDE(s): Capital One, Heartland Renaissance Fund, River Gorge Capital

Construction of a biomass pellet facility. 30% of workforce to be filled by prisoner return to work employees through second chance program.

TMS International

Osceola,
AR
(2017)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Chase, Heartland Renaissance Fund, MuniStrategies, River Gorge Capital

Financing working capital needs related to equipping development and operations facility for handling and processing slag and scrap metal and performing other services to suppor the operations of steel facility.

Husqvarna Forestry Products

Nashville,
AR
(2017)

Business Development, Manufacturing, Rural

CDE(s): Capital One, Dudley Ventures, Heartland Renaissance Fund, MuniStrategies

Construction a 350,000 square foot warehouse, as well as purchase equipment needed in connection with the expansion, creating 54 new jobs.

Arkansas Baptist College

Little Rock,
AR
(2011)

Adult Education, College or Vocational Training, Community

CDE(s): Heartland Renaissance Fund

Construction of a new residential dorm facility, cafeteria, and renovation of Old Main on the campus of Arkansas Baptist College.

Arkansas Math and Science School

Hot Springs,
AR
(2010)

Community, Schools

CDE(s): Heartland Renaissance Fund

New residential facilities have been constructed for the Arkansas School for Mathematics, Sciences and the Arts in Hot Springs.