… From Biz2Biz NWA, February 2010
Back in October, the U.S. Treasury awarded $70 million in New Market Tax Credits in Arkansas to the Heartland Renaissance Fund. Heartland is a member of the Arkansas Capital Corporation Group.
This program allows financial institutions to provide credit, capital and financial services for a variety of projects. The organization is actively seeking investment opportunities.
“We have followed Governor Beebe’s lead, and have worked to secure these tax credits to support projects related to healthcare, education and economic development in Arkansas,” says Sam Walls, CEO of Arkansas Capital Corporation Group (ACCG), which manages Heartland.
“The tax credits will be used for projects located throughout Arkansas, but with an emphasis on rural areas,” Walls says. “These tax credits can make the difference for private investors to put money into projects that make a positive impact on their communities. This means jobs and investment to improve Arkansas communities through economic development that might not otherwise happen.”
Back to Biz2Biz Tip: Money and Cash Flow
Discussion
No comments yet.