Arkansas Capital Corporation Group News>New Markets Tax Credit News

At this hour the House of Representatives has just passed HR 8, The American Taxpayer Relief Act, by a vote of 257-167. The bill includes provisions to dodge the fiscal cliff on taxes and postpones for two months the across... Read More →

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that the 2012 competition round for New Market Tax Credits was opening. The program, which was created in 2001, is in its tenth round of... Read More →

The Arkansas School for Mathematics, Science, & Arts is constructing a new student life complex that will include a residence hall for 250 students, dining hall, student lounge, and nursing office.

If you’re interested in knowing where New Market Tax Credit Investments were made in our state, Novogradac & Company has compiled this information (dated through 2010) by state and census tract.

A groundbreaking was held today at Arkansas Baptist College in Little Rock to kick off the renovation and expansion to be completed at the college with the assistance of New Market Tax Credit financing from Heartland Renaissance Fund LLC. The... Read More →

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... Read More →

Open Avenues, a 501(c) that fosters independent living and work skills for disabled adults, has constructed a new headquarters in Rogers, AR with the assistance of the Heartland Renaissance Fund (HRF) and the New Market Tax Credit (NMTC) Program. The new... Read More →

The Treasury Department and the Internal Revenue Service have proposed a set of changes to the New Markets Tax Credit program to encourage more money to go toward non-real estate businesses located in low-income communities.

The German based manufacturer, Beckmann Volmer, is set to open its new $10 million dollar facility located in Osceola, Arkansas next spring. The Company manufactures steel components for the wind turbine industry. Beckmann estimates that 300 permanent jobs will be... Read More →

A quick primer on the biggest news in New Market Tax Credits in 2010. Michael Novogradac reviews 2010 highlights regarding the New Markets Tax Credit and touches upon what is/is not expected for 2011 as part of the Novogradac Tax... Read More →