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    Leadership, Legacy and Cardboard Lobsters—Thank you Ron Phillips

    Posted by on Mar 18, 2016 in Blog, CDFI Fund Program, Community Economic Development Grants, Job Creation, JOLI, New Markets Tax Credit | 0 comments

    Leadership, Legacy and Cardboard Lobsters—Thank you Ron Phillips

    Post written by Bob Rapoza A celebration of a retiring leader in the CDC community was held this week. My good friend, Ron Phillips, the founder and president of Coastal Enterprises, Inc. is retiring. While I was not able to attend Ron’s celebration in Maine, I knew it would be quite an event, and a fitting tribute to all the good work done by a great organization and its leader. As such, I want to add a comment about my work with Ron and the Eagles and take this opportunity to put our efforts in perspective. Ron was part of a generation of...

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    NMTC 2013 Progress Report Provides Evidence on Effectiveness of the Credit as a Tool for Driving Capital to Areas of Economic Distress

    Posted by on Jun 17, 2013 in Blog, Job Creation, New Markets Tax Credit, Publications | 0 comments

    NMTC 2013 Progress Report Provides Evidence on Effectiveness of the Credit as a Tool for Driving Capital to Areas of Economic Distress

    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.

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    Twin Cities Entrepreneurs Realize Their Vision

    Posted by on Apr 1, 2013 in Blog, CDFI Fund TA, Job Creation, Lending, Small Businesses | 0 comments

    Twin Cities Entrepreneurs Realize Their Vision

    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.

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    NMTC Investment Creates 350+ Manufacturing Jobs In Hard Hit Wisconsin Town

    Posted by on Jan 29, 2013 in Blog, Job Creation, New Markets Tax Credit | 0 comments

    NMTC Investment Creates 350+ Manufacturing Jobs In Hard Hit Wisconsin Town

    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.

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    SBA Program Helps Grow Family-Owned Tourism Business

    Posted by on Jan 28, 2013 in Blog, Job Creation, Lending, Microlending, SBA 7a, Small Businesses | 0 comments

    SBA Program Helps Grow Family-Owned Tourism Business

    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.

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