Virginia Data and Stories

State Fact Sheet

Map of Selected Projects in Virginia

Community Testimonials

The NMTC is an excellent program that benefits those in underserved communities

-Gabriel Derosier, MainStreet Community Capital

Selected Projects in Virginia

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

CSTH-Dynamic, LLC

Norfolk,
VA
(2024)

Manufacturing

CDE(s): Advantage Capital, People Incorporated Financial Services

A growing company expanded operations and created quality jobs in Norfolk, VA

Delta Star

Lynchburg,
VA
(2024)

Manufacturing

CDE(s): Chase, Mid-City Community CDE

A specialized equipment manufacturer grew its footprint and added jobs in Lynchburg, VA

Monogram Foods

Martinsville,
VA
(2023)

Manufacturing

CDE(s): CEI Capital Management, Stonehenge Community Development, The Community Business Investment Fund

Expansion of a food packaging facility, creating significant quality and accessible jobs. Project is committed to local hiring and internal career advancement opportunities. Supported the facility expansion and equipment purchase

Better Housing Coalition, Inc.

Richmond,
VA
(2023)

Housing

CDE(s): Housing Partnership Network

A Virginia nonprofit, Better Housing Organization is a leader in community revitalization and collaboration with local residents, government, and agencies to create positive and sustainable change. Since 1988, BHC has

Millwald Theatre Inc.

Wytheville,
VA
(2021)

Community, Historic Rehabilitation, Theaters and Performing Arts Spaces

CDE(s): Enhanced Capital

After years of planning, Millwald Theatre Inc. was given the go-ahead to begin construction thanks to NMTC financing.

Temperpack

Richmond,
VA
(2021)

Manufacturing, Plastics and Chemicals

CDE(s): AMCREF Community Capital

NMTC financing helped a Richmond manufacturer expand its capacity and create more jobs.

Anna Julia Cooper Episcopal School

Richmond,
VA
(2020)

Community, Private School, Religious Organizations, Schools

CDE(s): Capital One, Local Initiatives Support Corporation

The project expands AJCES with a new building and gymnasium on a site adjacent to its existing school building.

Richmond Times Dispatch Building

Richmond,
VA
(2020)

Business Development, Historic Rehabilitation, Mixed-use

CDE(s): Capital One, Virginia Community Development Fund

Renovation of the 166,276 SF, four-story Richmond Times Dispatch (RTD) building, consisting of a reconfigured and updated home for RTD personnel, a corporate headquarters for Shamin Hotels and additional office

Polycap

Lebanon,
VA
(2020)

Business Development, Food Manufacturing, Manufacturing, Plastics and Chemicals, Rural

CDE(s): People Incorporated Financial Services

Equipment purchase for state of the art 76,000 sq. ft. injection molding manufacturing facility which creates plastic caps and enclosures for use in the food and medical industries.

Litehouse

Danville,
VA
(2020)

Business Development, Manufacturing, Rural

CDE(s): Danville Virginia CDE

Equipment financing for the expansion of a salad dressing manufacturer. Company expanded production to a add new equipment lines to increase volume of production and job creation at this location.

The CARITAS Center

Richmond,
VA
(2019)

Addiction Treatment, Adult Education, Affordable Housing, Behavioral Health, College or Vocational Training, Community, Healthcare, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food

CDE(s): National Trust Community Investment Corporation, Truist

The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).

Site visits and recent news related to Virginia NMTC Projects

Smith NMTC Announces Closing of $24M Housing Partnership Network Allocation

July 13, 2023

Warner & Crapo Unveil New Bipartisan Caucus to Fuel Investment in Rural & Low-Income Communities

August 1, 2022

Real examples of how the New Markets Tax Credit is transforming communities and commercial real estate

July 27, 2022