SGL Group Invests Through Use of New Markets Tax Credit Program
Heartland Renaissance Fun, an affiliate of The Arkansas Capital Corporation Group, is set to provide $10 million in New Markets Tax Credits to SGL Group’s Ozark, Ark. manufacturing facility to replace the current operations with a new state-of-the-art graphitization process... Read More →
Heartland Fund of Little Rock Invests $10M in SGL’s Ozark Plant
Heartland Renaissance Fund of Little Rock announced Tuesday that it will invest $10 million in a new SGL Group facility in Ozark. SGL manufactures graphite and carbon electrodes and other carbon-based products. Its Ozark operation, opened in 1981, employs roughly 90. Heartland’s... Read More →
New Markets Tax Credits Deal Done
In the latest legislative session, Arkansas lawmakers passed a measure touted as a jobs creator, the Arkansas New Markets Job Act. The bill encouraged private sector investment in small businesses, particularly in low-income regions, by providing tax credits tied to private capital... Read More →
CDFI Fund Releases Public Data on New Markets Tax Credit Investments
New Markets Tax Credits were utilized in over 2,600 businesses and 3,990 real estate investments across the country between 2003 and 2011, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today. In addition, over... Read More →
Does your project qualify for NMTC funding?
One of the first questions we often hear from prospective borrowers is “Can I use New Markets Tax Credits for my project?” The NMTC program is a very powerful incentive to attract private capital for the right projects. To understand... Read More →
NMTC Program Extended for Two Years by American Taxpayer Relief Act
On January 2, 2013, President Barack Obama signed the American Taxpayer Relief Act of 2012 (H.R. 8) into law which, in addition to addressing other “fiscal cliff” issues, extends the New Markets Tax Credit (“NMTC”) Program for two years. The... Read More →
Northwest Arkansas Hotel Reopens as Chancellor Hotel
Heartland is proud to announce the grand opening of the Chancellor Hotel in downtown Fayetteville, Arkansas. The ribbon cutting was held on Friday, September 14. Read our press release to learn more. If you would like to see photos of... Read More →
Mann on Main Sparks Redevelopment
Following the start of renovations on the Mann Building, a Heartland Renaissance Fund project, redevelopment on Downtown Little Rock’s Main Street is booming. Arkansas Business quotes Mayor Mark Stodola as saying that seven Main Street structures are currently under contract... Read More →
Heartland Renaissance Fund a Rock Star for ACCG
Heartland was featured in Arkansas Business this week. The article highlights the success of Heartland and the hard work and dedication of its team. The New Markets Tax Credit application process is very competitive yet Heartland received $185 million in... Read More →
Little Rock Main Street Building to Get New Life
Heartland Renaissance Fund announced today the allocation of new market tax credits to Blass Property, LLC, a renovation project of the historic Blass Building in Little Rock. The seven-story building and its three-level annex building will be renovated for mixed... Read More →