CDE: Innovate Fund

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:

Project Profiles and Stories

EO Companies

Abingdon,
VA
(2024)

Daycare and Early Childhood, Nonprofit Hub, Vocational Training

CDE(s): Dudley Ventures, Innovate Fund

Timely Investment in Childcare and Workforce Development will Provide Substantial Relief to Students and Parents in Southwest Virginia

Cooper Steel

Shelbyville,
TN
(2024)

Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Heartland Renaissance Fund, Innovate Fund, Pathway Lending, Truist

Family-Run Steel Manufacturer Receives Critical NMTC Financing to Match Growing Demand

Safe Harbor

Greenville,
SC
(2024)

Shelters and Community Food

CDE(s): Innovate Fund, South Carolina Community Loan Fund, TD Community Development Corporation

Investment in non-profit expands critical access to shelter and care for victims of domestic violence.

Premium Peanut Santee

Santee,
SC
(2024)

Manufacturing

CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist

Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.

The Resurgent

Greensboro,
NC
(2024)

Healthcare, Higher Education, Incubator, Mixed-use

CDE(s): Innovate Fund, Partners for the Common Good, Wells Fargo

NMTCs address need for additional health services in medically underserved area

America’s Second Harvest Food Bank

Food Bank or Pantry

CDE(s): Carver Bank, Innovate Fund

An opportune investment in local food bank reduces food insecurity for low-income people

Safe Harbor

Shelters and Community Food

CDE(s): Innovate Fund, South Carolina Community Loan Fund, TD Community Development Corporation

Investment in non-profit expands critical access to shelter and care for victims of domestic violence.

Cooper Steel

Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Heartland Renaissance Fund, Innovate Fund, Pathway Lending, Truist

Family-Run Steel Manufacturer Receives Critical NMTC Financing to Match Growing Demand

The Resurgent

Healthcare, Higher Education, Incubator, Mixed-use

CDE(s): Innovate Fund, Partners for the Common Good, Wells Fargo

NMTCs address need for additional health services in medically underserved area

Claflin University

Higher Education, Theaters and Performing Arts Spaces

CDE(s): Innovate Fund, South Carolina Community Loan Fund

NMTC Financing Brings Claflin University’s First New Building in Ten Years

Premium Peanut

Manufacturing

CDE(s): CEI Capital Management, Hampton Roads Ventures, Innovate Fund, Mascoma Community Development, Truist

Construction of a new 125,000 ton peanut shelling facility in a non-metropolitan, severely distressed census tract in Santee, SC.

EO Companies

Daycare and Early Childhood, Nonprofit Hub, Vocational Training

CDE(s): Dudley Ventures, Innovate Fund

Timely Investment in Childcare and Workforce Development will Provide Substantial Relief to Students and Parents in Southwest Virginia

Claflin Student Activity and Community Center

Orangeburg,
SC
(2022)

College or Vocational Training, Community, HBCUs, Higher Education

CDE(s): Innovate Fund, South Carolina Community Loan Fund

The construction of an 82,000 sq. ft. center featuring classrooms, student life/ learning space at an HBCU.

Feeding Hope: How the New Markets Tax Credit is Revolutionizing Food Banks

CDE(s): Innovate Fund

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

Red Bullet Anderson

Anderson,
SC
(2022)

Manufacturing

CDE(s): Innovate Fund

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

Bakery Near Hearon Circle is Getting Big Upgrade

Business Development, Food Manufacturing, Manufacturing

CDE(s): Innovate Fund

Grady Ponce De Leon HIV/AIDS Center

Atlanta,
GA
(2022)

Community, Hospitals and Emergency Services, Safety Net Hospital

CDE(s): CAHEC, Grow America, Innovate Fund, Stonehenge Community Development

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.

Upward Unlimited

Spartanburg,
SC
(2019)

Community, Healthcare, Retail, Youth and Families

CDE(s): 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.

Judson Mill

Greenville,
SC
(2020)

Community, Healthcare, Mixed-use, Retail

CDE(s): Innovate Fund

NMTC financing for Judson Mill, a mixed-use project.

Upward Star Center

Spartanburg,
SC
(2015)

Community, Healthcare, Retail

CDE(s): Innovate Fund, Truist

Established in 1995, Upward Sports is the world's largest Christian youth sports provider.

The Franklin School

Spartanburg,
SC
(2018)

Affordable Housing, Community, Community Center, Daycare and Early Childhood, Head Start, Healthcare, Housing, Mixed-use, Mixed-use and Commercial, Schools, Youth and Families

CDE(s): Innovate Fund

Model child development center opens in a Spartanburg neighborhood with a poverty rate near fifty percent.

T.K. Gregg Community Center

Spartanburg,
SC
(2019)

Community, Community Center, Daycare and Early Childhood, Healthcare, Recreation, Youth and Families

CDE(s): Innovate Fund, South Carolina Community Loan Fund

Public private partnership brings community recreation center facility to Spartanburg

Highland Baking Company (2018)

Spartanburg,
SC
(2018)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Innovate Fund

NMTC financing supported the Highland Baking project.

AC Hotel

Spartanburg,
SC
(2016)

Adult Education, Business Development, College or Vocational Training, Community, Hotels and Tourism, Restaurants and Catering, Retail and Commercial

CDE(s): Innovate Fund

Spartanburg, SC has historically been known as “Hub City” due to its prevalence of railways.

TDC Cutting Tools

Seneca,
SC
(2015)

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

CDE(s): Bank of America, Innovate Fund

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.

Limehouse Produce

North Charleston,
SC
(2016)

Business Development, Manufacturing, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale

CDE(s): 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.

Restaurant Depot

North Charleston,
SC
(2018)

Business Development, Restaurants and Catering, Retail and Commercial, Warehouse and Wholesale

CDE(s): Innovate Fund

Development of a new 62,333 sq. ft. Restaurant Depot.

Daughters of Charity Services of New Orleans

New Orleans,
LA
(2010)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

CDE(s): Innovate Fund

The DCSNO Carrollton project is an expansion of an existing community healthcare center.

The Claussen Bakery

Greenville,
SC
(2015)

Historic Rehabilitation, Mixed-use

CDE(s): Innovate Fund

The Claussen Bakery Project is the adaptive re-use of a former family-owned bakery built in the West End of Greenville in 1930.

Riverwalk Project

Greenville,
SC
(2011)

Arts, Community, Mixed-use, Retail

CDE(s): Innovate Fund

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.

Project ONE

Greenville,
SC
(2012)

Community, Daycare and Early Childhood, Mixed-use, Youth and Families

CDE(s): Innovate Fund, TD Community Development Corporation

Project ONE is a complex urban, mixed-use development located in the heart of downtown Greenville.

Plush Mill

Greenville,
SC
(2018)

Community, Incubator

CDE(s): Innovate Fund, River Gorge Capital

The renovation and revitalization of the historic Plush Mill in Greenville, S. C.

NEXT Innovation Center

Greenville,
SC
(2009)

Business Development, Community, Incubator, Manufacturing

CDE(s): 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

Main at Broad

Greenville,
SC
(2009)

Infrastructure, Mixed-use, Retail, Transportation and Ports

CDE(s): 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.

Legacy Charter School

Greenville,
SC
(2016)

Community, Library, Schools

CDE(s): Innovate Fund

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.

Greenco Enterprises

Greenville,
SC
(2016)

Beverages, Business Development, Manufacturing, Warehouse and Wholesale

CDE(s): Innovate Fund

Financing for Greenco Beverage Co. one of the largest beverage distributors in Upstate South Carolina.