Heartland Renaissance Fund announced today that it is financing a new business and community center, lodge, and clay shooting recreational complex in Tillar, Arkansas, using New Market Tax Credits. The Delta Conference Center & Resort will host numerous events, including a world-class clay shooting tournament, aiming to attract visitors to the area. The New Markets Tax Credit (NMTC) Program was established in 2000 as part of the Community Renewal Tax Relief Act. The goal of the program is to spur revitalization efforts of low-income and other communities underserved by traditional capital across the United States and Territories. The NMTC Program provides tax credit incentives to investors for equity investments in certified Community Development Entities, such as Heartland Renaissance, which invest in low-income communities and projects.
