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CDE: Innovate Fund

Innovate Fund website

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

  • 2018 Allocation: $60,000,000
  • 2020 Allocation: $50,000,000

Project Profiles and Stories

Claflin Student Activity and Community Center (2022)

Orangeburg, SC
The construction of an 82,000 sq. ft. center featuring classrooms, student life/ learning space at an HBCU.
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Feeding Hope: How the New Markets Tax Credit is Revolutionizing Food Banks ()

Food banks, pantries and community food programs have established a longstanding tradition of serving those in need. Now, more than ever, access to quality and affordable food is crucial in
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Red Bullet Anderson (2022)

Anderson, SC

To bring additional quality manufacturing jobs into Anderson County, the Innovate Fund supported the 150,000 sq. ft. expansion of an exisiting 168,000 sq. ft. manufactuirng, warehouse, and office facility for

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Bakery Near Hearon Circle is Getting Big Upgrade ()

  • Business Development, Food Manufacturing, Manufacturing
  • CDEs: Innovate Fund
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Grady Ponce De Leon HIV/AIDS Center (2022)

Atlanta, GA

Renovate Grady Ponce De Leon HIV/AIDS center in order to provide better treatment options for people in Atlanta, GA, the epicenter of the GIV epidemic.

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Upward Unlimited (2019)

Spartanburg, SC
  • Community, Healthcare, Retail, Youth and Families
  • CDEs: Innovate Fund
The Upward Star Center provides a home base for Upward Unlimited to train and equip coaches and leaders, and serves as a testing facility for sports development and technique improvement.
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Judson Mill (2020)

Greenville, SC
NMTC financing for Judson Mill, a mixed-use project.
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Upward Star Center (2015)

Spartanburg, SC
Established in 1995, Upward Sports is the world's largest Christian youth sports provider.
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The Franklin School (2018)

Spartanburg, SC
  • Affordable Housing, Community, Community Center, Daycare and Early Childhood, Head Start, Healthcare, Housing, Mixed-use, Mixed-use and Commercial, Schools, Youth and Families
  • CDEs: Innovate Fund
Model child development center opens in a Spartanburg neighborhood with a poverty rate near fifty percent.
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T.K. Gregg Community Center (2019)

Spartanburg, SC
Public private partnership brings community recreation center facility to Spartanburg
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Highland Baking Company (2018) (2018)

Spartanburg, SC
  • Business Development, Food Manufacturing, Manufacturing
  • CDEs: Innovate Fund
NMTC financing supported the Highland Baking project.
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AC Hotel (2016)

Spartanburg, SC
  • Adult Education, Business Development, College or Vocational Training, Community, Hotels and Tourism, Restaurants and Catering, Retail and Commercial
  • CDEs: Innovate Fund
Spartanburg, SC has historically been known as “Hub City” due to its prevalence of railways.
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TDC Cutting Tools (2015)

Seneca, SC
The construction of a 47,000-sq.-ft. campus, including a 32,000-sq.-ft. office building and a 15,000-sq.-ft. high-speed metals recycling facility.
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Limehouse Produce (2016)

North Charleston, SC
  • Business Development, Manufacturing, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale
  • CDEs: Innovate Fund
Purchase of the former site of the Charleston Naval Exchange Building on Carner Avenue for the development of a multi-faceted agribusiness program.
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Restaurant Depot (2018)

North Charleston, SC
  • Business Development, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale
  • CDEs: Innovate Fund
Development of a new 62,333 sq. ft. Restaurant Depot.
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Daughters of Charity Services of New Orleans (2010)

New Orleans, LA
  • Behavioral Health, Community, Dental Services, FQHCs, Healthcare
  • CDEs: Innovate Fund
The DCSNO Carrollton project is an expansion of an existing community healthcare center.
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The Claussen Bakery (2015)

Greenville, SC
The Claussen Bakery Project is the adaptive re-use of a former family-owned bakery built in the West End of Greenville in 1930.
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Riverwalk Project (2011)

Greenville, SC
In an effort to revitalize the Greenville community, RiverWalk was the “first-in” redevelopment initiated in the West End since the Great Recession began in 2007.
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Project ONE (2012)

Greenville, SC
Project ONE is a complex urban, mixed-use development located in the heart of downtown Greenville.
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Plush Mill (2018)

Greenville, SC
The renovation and revitalization of the historic Plush Mill in Greenville, S. C.
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NEXT Innovation Center (2009)

Greenville, SC
  • Business Development, Community, Incubator, Manufacturing
  • CDEs: Innovate Fund
Competing in the world market for talent, technology, capital and jobs, the Upstate’s economic transition hinges on the ability to bridge its deep roots in manufacturing with an entrepreneurial environment
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Main at Broad (2009)

Greenville, SC
  • Infrastructure, Mixed-use, Retail, Transportation and Ports
  • CDEs: Innovate Fund
A 6-story, 239,500-square-foot mixed-use project features 64,500 square feet of retail and office space; a 250-space 88,000-square-foot parking garage; a new 135-room, 87,000-square-foot Courtyard Marriott; and locally-owned Nantucket Seafood Grill.
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Legacy Charter School (2016)

Greenville, SC
Improvement of charter school facilities to increase offerings and programming Current enrollment of 1,250 students with the capacity to increase enrollment to 1,430 students.
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Greenco Enterprises (2016)

Greenville, SC
  • Beverages, Business Development, Manufacturing, Warehouse and Wholesale
  • CDEs: Innovate Fund
Financing for Greenco Beverage Co. one of the largest beverage distributors in Upstate South Carolina.
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Sweet Street Deserts (2015)

Greenville, SC
  • Business Development, Food Manufacturing, Grocery and Fresh Food, HFFI, Hotels and Tourism, Manufacturing, Restaurants and Catering, Retail, Retail and Commercial
  • CDEs: Innovate Fund
The project revitalized a long-dormant facility with new machinery and equipment, transforming it into a state-of-the-art manufacturing plant capable of handling multiple baking processes.
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Brown Packing (2018)

Gaffney, SC
  • Business Development, Manufacturing, Rural, Waste Management, Water Management
  • CDEs: Innovate Fund
Financing for a third-generation, family owned meat packing business in non-metropolitan Cherokee County.
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Arris Manufacturing (2020)

Clio, SC
A new manufacturing facility brings a halt to more than a century of economic decline.
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Swiss Krono (2018)

Barnwell, SC
Swiss Krono is building a 250,000-square-foot expansion on its existing Barnwell manufacturing facility, with help from the NMTC.
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