$70 Million Arkansas NMTC Award Announced
Speaking today alongside U.S. Senator Blanche Lincoln and U.S Senator Mark Pryor, the Director of the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), Donna J. Gambrell, announced an award of $70 million in tax credit... Read More →
HRF Awarded $70 Million in Federal Tax Credits for 2009 Round
The U.S. Treasury announced today that Arkansas-based Heartland Renaissance Fund will receive $70 million in Federal New Market Tax Credits, which will be used to stimulate investment in healthcare, education and economic development projects in Arkansas. Donna Gambrell, director of the... Read More →
UA’s Tears of Life Business Plan Earns More Accolades
The Tears of Life business-plan team at the University of Arkansas’ Walton College of Business has been awarded the 2009 John A. White Award for Faculty-Student Collaboration. The partnership between the team and faculty member Carol Reeves won or placed... Read More →
Mandy Moore, Professor at JBU Speaks on the Competition
John Brown University professor, Mandy Moore, discusses the Donald W. Reynolds Governor’s Cup competition. What do students go through to put their entrepreneurial dreams to the test and could Moore’s classroom be a breeding ground for Arkansas’ next generation of... Read More →
UA, JBU Teams Win Business Plan Honors in Las Vegas
Teams from the University of Arkansas at Fayetteville and John Brown University at Siloam Springs each brought home $25,000 first-place prizes in the Donald W. Reynolds Tri-State Award business plan competition in Las Vegas. Tears for Life, the UA’s winning business plan... Read More →
College Innovators Recognized at Governor’s Cup
College innovators were recognized Tuesday in the annual Donald W. Reynolds Governor’s Cup for Entrepreneurial Development, presented by the Arkansas Economic Acceleration Foundation. The competition, featuring undergraduate and graduate-level business plans, is designed to encourage students of Arkansas’s universities and... Read More →
Summary of HRF’s first NMTC allocation
Heartland Renaissance Fund received a $15 million allocation of New Market Tax Credits during the 2004 round for use within Arkansas. We worked with financial institutions in Arkansas to finance four projects. In June 2005, financing was provided to construct a 30,000 square... Read More →
BioBased to Utilize New Market Tax Credits
Heartland Renaissance Fund (HRF) announced today that it is financing a research and manufacturing facility that will also serve as a headquarters for BioBased Technologies using New Market Tax Credits (NMTC). The new facility is located on land previously owned... Read More →
New Market Tax Credits Allocated to Medical Offices in Clinton
Heartland Renaissance Fund (HRF) announced today that New Market Tax Credits (NMTC) have been allocated to a project in Clinton, Arkansas. The project, developed by Burnt Ridge Enterprises, will include a 30,000 square foot medical office facility on Highway 65... Read More →