{"id":138502336,"date":"2006-07-31T00:00:00","date_gmt":"2006-07-31T04:00:00","guid":{"rendered":"https:\/\/acccapital.com\/biobased-to-utilize-new-market-tax-credits\/"},"modified":"2026-04-02T13:09:14","modified_gmt":"2026-04-02T17:09:14","slug":"biobased-to-utilize-new-market-tax-credits","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/biobased-to-utilize-new-market-tax-credits\/","title":{"rendered":"BioBased to Utilize New Market Tax Credits"},"content":{"rendered":"<p><strong>Heartland Renaissance Fund (HRF)<\/strong> announced today that it is financing a research and manufacturing facility that will also serve as a headquarters for BioBased Technologies using <strong>New Market Tax Credits (NMTC)<\/strong>.  The new facility is located on land previously owned by the City of Fayetteville which was used as a utility maintenance facility. According to BioBased\u2019s website, by repurposing the land as opposed to clearing new land, BioBased was able able to, \u201credevelop an existing site in an area of Fayetteville that has been identified for increased development.\u201d<!--more-->  BioBased Technologies is a leader in sales of bio-based spray polyurethane foam insulation and sealants. The company aims to market products that reduce the use of non-renewable resources by improving energy efficiency or incorporating renewable ingredients.  The <strong>New Markets Tax Credit (NMTC)<\/strong> Program was established in 2000 as part of the Community Renewal Tax Relief Act. The goal of the program is to spur revitalization efforts of low-income and other communities underserved by traditional capital across the United States and Territories. The <strong>NMTC<\/strong> Program provides tax credit incentives to investors for equity investments in certified Community Development Entities, such as Heartland Renaissance, which invest in low-income communities and projects.<\/p>","protected":false},"excerpt":{"rendered":"<p>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 by the City of Fayetteville which was used as a utility maintenance facility. According to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[112],"tags":[],"class_list":["post-138502336","post","type-post","status-publish","format-standard","category-new-markets-tax-credit-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BioBased to Utilize New Market Tax Credits | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acccapital.com\/hi\/biobased-to-utilize-new-market-tax-credits\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioBased to Utilize New Market Tax Credits | ACC Capital\" \/>\n<meta property=\"og:description\" content=\"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). 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