The Great Recession saw loss of factories and jobs in and around Humboldt, with more than a fifth of the residents living below the poverty line. In 2010, Bongards purchased a plant in Humboldt, transforming it into a natural processed cheese operation to support the growing demand for its products. In 2017, Bongards obtained NMTCs […]
New Markets Tax Credit financing, paired with the USDA Direct Loan Program, made it possible to build a new facility for a health care provider serving the poorest areas of Connecticut.
Financing for a food Distribution Center for a nonprofit hunger relief organization.
Since 1976, Bread for the City has served homeless, indigent and impoverished families in Washington. Bread for the City serves more than 2,500 clients each month providing an array of supportive services including food, clothing, medical and dental care, legal services and case management. The main office is located in a small building, a former […]
Since 1958, S and S Cycle has manufactured V-twin engine parts as well as elite aftermarket accessories to improve motorcycle performance and speed. S and S distributes its products to motorcycle manufactures and enthusiasts in the US and throughout the world. In 2004, the manufacturer increased operational support at is Viola and La Crosse locations […]
Freestanding, state-of-the-art cancer center incorporates the latest advances in cancer treatment, all under one roof
In 2009, MHIC provided $19.9 million in New Markets Tax Credit financing for construction of a new, seven story, in-patient medical facility with 126 beds for the Baystate Medical Center (BMC). The largest of the hospitals in the Baystate Health System, BMC is an academic teaching hospital that serves as the western campus of Tufts […]
Financing for a new food bank and distribution center in Salt Lake City, UT.
The Fund invested $1.35 million in convertible debt as part of a $2 million financing round for Quick Study Radiology Inc., an information technology company that helps bring to smaller community and rural hospitals the same leading-edge radiology technologies available to large hospitals. Customers include hospitals in the Missouri towns of Bolivar, Farmington, Fulton, Perryville […]
The New Markets Tax Credit helped Foremost Farms USA finance dairy production upgrades, retain and create jobs, invest in future projects to increase profitability, and return equities to members while retaining the proper equity base. The Wisconsin Community Development Legacy Fund, a Community Development Entity comprised of WHEDA, Impact Seven and Legacy Bancorp, provided a […]
Four pediatric dentists expand dental services in rural Wisconsin.
The project includes equipment and facility upgrades to a paper mill in Quinnesec, MI.
A privately-owned company in western Massachusetts — Apex Resource Technologies — got an infusion of $5 million, giving the company the working capital needed to expand its business and workforce. In 2009, MHIC teamed up with Pittsfield Cooperative Bank to craft an innovative loan structure combining a bank loan with gap financing available through the […]
The Phoenix Rescue Mission (“Mission”) was founded in 1952 in downtown Phoenix where an evening meal, Chapel service, and clothing were provided to the poor and homeless, serving between 35 and 50 clients each day. Today the Mission has expanded its services and outreach to provide 79,456 bed nights of shelter and over 386,000 meals […]
Rehabilitation of a vacant 21,000 sq. ft. building into a new full-service grocery store.
The DCSNO Carrollton project is an expansion of an existing community healthcare center.
$2 million NMTC investment enabled the company’s owner to realize manufacturing and exporting vision. An additional $3.16 million private capital invested in the company. Both allowed GAME to expand its facility to make the operation more efficient and to increase production.
For Inupiat Eskimo families in Northwest Alaska, access to a nursing home for elders required boarding a flight to Anchorage, 549 miles southeast of Kotzebue, and leaving behind traditional foods, family and friends. In order to ensure that the area’s elders could grow old and spend their last years near their culture, family and friends, […]
The construction of a warehouse for Houston Food Bank, a freezer/distribution facility.
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 that can generate new ideas, technologies, products and processes. Formed by the Greenville Chamber of Commerce in 2006, the NEXT Initiative is an economic development […]