Arkansas Capital Corporation Group News Archives | Page 25 of 30

CDFI Fund Announces 2012 Round of Competition for New Market Tax Credits

January 2, 2012 by Isabella

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 allocations. This year’s allocation may make up to $5 billion of tax credits available. [Read more…]

ASMSA Set to Build New Student Life Center

December 30, 2011 by Isabella

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. [Read more…]

New Market Tax Credit Investments in Arkansas

December 10, 2011 by Isabella

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. [Read more…]

USDA B&I Program Expects Changes in FY2012

December 1, 2011 by Isabella

It appears that the B&I program is looking to be a strong program in FY2012. Fees may potentially increase, and there will be some staff changes at USDA, but USDA has assured the public that the program will still be in “capable and experienced” hands. The amount of funds available to the program is potentially $832 million. Read more…

SBA-Backed Loans in FY2011 Surpass Highest Volume in Agency’s History

October 11, 2011 by Isabella

SBA has published a press release highlighting the significant increase in the volume of sba-backed loans. The agency credits the loan incentives presented by the Jobs Act as a major factor. Read more…

UA Startup Mentor Carol Reeves Recognized by Fortune

September 30, 2011 by Isabella

Photo by Bryce Duffy Carol Reeves — Photo by Bryce Duffy
Carol Reeves

Carol Reeves, the woman behind the success of business-plan competition teams from the University of Arkansas, has been recognized by Fortune as one of 10 women around the world “Doin’ It for Themselves.” The prestigious list includes celebrity entrepreneurs Chelsea Handler and Arianna Huffington. It recognizes these women for the passion and ambition displayed in their “quest to create the next great company.”

Carol Reeves is to business-plan competitions what Joe Paterno is to college football: A winning coach who inspires her teams, expects excellence, and keeps students focused on the big picture. [Read more…]

Renovations Taking Place at Arkansas Baptist College

September 23, 2011 by Isabella

Buffalo Development, LLC in Little Rock, AR

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 tax credits are being used to renovate Old Main, and to construct new residential facilities, classroom space, and a dining facility. [Read more…]

Delta Conference Center to Open in Desha County

August 31, 2011 by Isabella

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. [Read more…]

Small Businesses in the Delta are Receiving More Startup Loan Assistance

August 30, 2011 by Isabella

An economic study released has shown that the amount of small business loans made to businesses in the Delta have increased dramatically. The study, released by the Delta Regional Authority, notes that the loans funded have already exceed the loan amounts from 2009. Read more about the DRA’s study…

The SBA Lending Arena is Changing

August 15, 2011 by Isabella

Many sources are reporting that the face of SBA lending is changing. The Orange County Register reports that more and more large banks are veering away from SBA lending while more small, community banks and non-bank lenders are becoming more involved with this type of lending. Read more about the shift…

SBA’s July Web Chat Will Focus on Home-Based Businesses

July 21, 2011 by Isabella

Bob Wright will be hosting next week’s SBA web chat focused on providing advice for home-based businesses. The chat will be held at noon on Thursday, July 28. Ask any questions you may have prior to the event on SBA’s website.

Open Avenues Builds New Headquarters With Assistance of New Market Tax Credits

June 30, 2011 by Isabella

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 building serves as the headquarters as well as the life skills facility for Open Avenues. [Read more…]