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New Markets Tax Credit Transactions Across the Nation

July 22, 2012 by Isabella

The New Markets Tax Credit program has been used to facilitate financing for a wide range of projects within eligible census tracts. The Department of Treasury released its November Report showing the programs investment results. Here are sample projects that recently secured financing supported by the New Markets Tax Credit Program: [Read more…]

Filed Under: New Markets Tax Credit News

Entrepreneurs Put John Brown On Business-plan Map

July 12, 2012 by Isabella

Much ado has been made about the success of collegiate business-plan teams from the University of Arkansas, and rightfully so. This story from the current issue of Arkansas Business highlights the accomplishments of these student entrepreneurs and focuses on the continued success of UA teams on a national level. Most of the teams that hail from The Hill are graduate-level, but undergrad teams from John Brown University in Siloam Springs have been enjoying their own success lately. JBU teams swept all undergrad categories at the 2011 Donald W. Reynolds Governor’s Cup, then took first and second overall plus won the agriculture and elevator pitch awards and the graduate Innovation award at the 2012 event. [Read more…]

Filed Under: Entrepreneurship Foundation News

Collegiate Entrepreneurs Earn Renown

July 9, 2012 by Isabella

Being from Arkansas carries a certain degree of swagger in some fields – retail, poultry, rice and trucking, for example. Perhaps it’s time to consider adding collegiate business plan teams to that roster. The young entrepreneurs who make up these teams, most of them from the University of Arkansas, are helping create a strong entrepreneurial brand for the state. For the past several years, Arkansas students have continued to fare well at national competitions and, more importantly, in the real business world. Several appear to be headed toward “big exits” – selling out to big corporations for big money or perhaps even launching an IPO. [Read more…]

Filed Under: Entrepreneurship Foundation News

Arkansas Capital Corporation: Connect Arkansas Aims For Positive Link To Internet

July 9, 2012 by Isabella

One of the ways Connect Arkansas is showing high-speed Internet’s relevance is through the utilization of video and livestreaming.
One of the ways Connect Arkansas is showing high-speed Internet’s relevance is through the utilization of video and livestreaming.
While it may not be a parent’s worst nightmare, it was still a situation Kendon never expected to be faced with. “The other day, my son asked me what a synonym was,” he said. “And for the life of me, I couldn’t remember. So we looked it up on the Internet right there, while he was doing his homework.” [Read more…]

Filed Under: Arkansas Capital Corporation Group News

Small Business Lending Increasing After Four Month Decline

July 2, 2012 by Isabella

Today’s THV reports that small business lending is on the rise since June. A study released by PayNet, a firm that researches small business loans, showed that the number of loans increased 12 percent in May. [Read more…]

Filed Under: Lending News

Arkansas Math & Science School

June 13, 2012 by Isabella

Arkansas Math & Science School, Hot Springs, ARNew residential facilities have been constructed for the Arkansas School for Mathematics, Sciences and the Arts in Hot Springs by partnering with Bank of the Ozarks, the Heartland Renaissance Fund (HRF), Governor Beebe’s contributed stimulus funds, and the University of Arkansas School System. The students at the Math and Science School were residing in an old hospital that had been re-purposed as a dormitory. Unfortunately, the building had many of the issues that come with an older structure and was in need of being updated or replaced. With the help of the above partners and the New Market Tax Credit Program (NMTC), Delta Student Housing was able to build new residential facilities, a project totaling approximately $15 million dollars.

Filed Under: New Markets Tax Credit News

NMTC Featured as a Resource for Projects

June 12, 2012 by Isabella

The March 2012 issue of The Practical Real Estate Lawyer discusses the role of New Market Tax Credits when investors and capital are scarce. Community development entities, such as Heartland Renaissance Fund, can bridge the gap and help make projects that might be on the fence a reality. [Read more…]

Filed Under: New Markets Tax Credit News

Arkansas Flag and Banner

May 29, 2012 by Isabella

The partnership between Arkansas Flag and Banner and ACC is another great example of how the right lending partner makes a big difference. Watch the video and listen as Kerry McCoy explains how Arkansas Capital Corporation was there at the right time and how that relationship is still flourishing years later. [Read more…]

Filed Under: Lending News

John Brown, UNLV sweep Tri-State Awards

May 25, 2012 by Isabella

After a full day of oral presentations, ten judges from across the United States selected collegiate business plan teams from John Brown University (JBU) of Siloam Springs, Arkansas, and the University of Nevada, Las Vegas (UNLV), as the 2012 winners of the Donald W. Reynolds Tri-State Awards at The Cosmopolitan of Las Vegas. Both of the winning undergraduate teams were from JBU, while both winning graduate-level teams were from UNLV. First place winners took home a $30,000 cash prize, a team trophy and individually-personalized plaques. The second place winners received $20,000 prize, a trophy and individually-personalized plaques. The teams’ faculty advisors earned a $3,500 check as well. “The quality of the winning business plans is phenomenal, as are the students who produced them,” Arkansas Capital Corporation Chief Executive Officer C. Sam Walls said. “These students are not only business savvy, they are creative and well-equipped to successfully become the business leaders of tomorrow.” The winning undergraduate teams are: [Read more…]

Filed Under: Entrepreneurship Foundation News

What Types of Projects Have Received NMTC Funding?

May 22, 2012 by Isabella

The New Market Tax Credit Program is a powerful incentive designed to encourage private investment into areas that have been deemed as qualified census tracts by the Federal government. Throughout the life of the NMTC Program, the Department of Treasury, through the CDFI Fund, has made 396 awards totaling $21 billion in allocation authority. [Read more…]

Filed Under: New Markets Tax Credit News

Allegra Print & Imaging of Arkansas, Inc.

May 14, 2012 by Isabella

Allegra Print & Imaging of Arkansas, Inc. is a great example of how the right lending partner makes a big difference to aspiring entrepreneurs. [Read more…]

Filed Under: Lending News

Heartland to Finance Producer of Torrefied Wood Pellets

May 3, 2012 by Isabella

Heartland Renaissance Fund (HRF), an Arkansas-based Community Development Entity, announced today that it financed a substantial expansion to a torrefied wood pellet manufacturer, BTH Quitman Hickory, LLC. Heartland utilized $24 million dollars of its New Market Tax Credits (NMTC) to finance the expansion. The new equipment should increase the plant’s capacity and provide additional employment opportunities at its Quitman Mississippi facility. [Read more…]

Filed Under: New Markets Tax Credit News

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In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability. Submit a complaint of discrimination, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity , 1500 Pennsylvania Ave. N.W., Washington, D.C. 20220, (202) 622-1160 (phone), (202) 622-0367 (fax), or email crcomplaints@treasury.gov