A report issued today by a coalition of community development organizations and financial institutions details how the New Markets Tax Credit (NMTC) transformed private sector capital into patient, flexible capital for credit-starved businesses in low income communities across the country during the previous year.
The Payans moved to Minnesota from Chicago in 1993, and they soon noticed there were no fresh tortillas in Minneapolis. With a growing Latino community in the Twin Cities, they saw a need and decided to open up their own tortilla factory.
Twin Cities Entrepreneurs Realize Their Vision Read More »
The project entails the expansion of a major Superior area employer—Exodus Machines, Inc. Exodus Machines produces wheeled material handlers for the scrap and recycling industry. Exodus began operations in 2008 and was funded with equity from an ownership group and financing which included New Markets Tax Credits through a transaction Impact Seven brokered.
NMTC Investment Creates 350+ Manufacturing Jobs In Hard Hit Wisconsin Town Read More »
Nestled on 60 acres of pristine forest land, with nearby access to spectacular Lake Superior and the beautiful Porcupine Mountains State Park, sits Sunshine Motel. This family-owned and operated business found its way into the hearts of Bruce and Kay Perkins in 2010.
SBA Program Helps Grow Family-Owned Tourism Business Read More »
