Author name: Paul Anderson

MMCDC Helps Transform the Ford Center in Detroit Lakes

Transformation of the Ford Center from dilapidated warehouse-style building to upscale office complex was a significant community development feat in Minnesota. It combined two federal tax credits –New Markets and Historic – with other financing to reinvigorate the old Ford Motor assembly plant for its next 95 years of service.

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Northern Initiatives helps Marquette Jeweler Expand Business, Double Sales

Beth Millner has been working with jewelry crafts for nearly her entire life. Living in Michigan’s Upper Peninsula for the past several years, she finds herself constantly inspired by nature and the change of seasons. Specializing in sterling silver, copper, brass and gold jewelry with a nature theme, she’s designed more than 1000 pieces of jewelry, showing her work at art and craft fairs and music festivals around Michigan for the past 5 years.

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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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Emerging Green Industry Company Expands Facility

The Northwest Side Community Development Corporation (NWSCDC) will use CED funding to expand a new, emerging green industry company known as Helios Solar Works in Milwaukee, Wisconsin. NWSCDC will assist Helios Solar works with capital equipment purchases and working capital to facilitate its rapid growth as the company expands its production line and establishes additional shifts to meet new orders from solar panel installations in the United States and Europe.

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Rural Kentucky College Uses NMTCs to Address Region’s Shortage of Health Professionals

[box] Jobs Created: 50 construction, 102 permanent, student and work study employment[/box] The University of the Cumberlands is located in Williamsburg, Kentucky, a rural community nestled in the foothills of the Appalachian Mountains. The University spans approximately 70 acres and includes 34 buildings, including 2 sports field complexes. It has an enrollment of 2,169 students

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