Enhanced Capital is providing New Markets Tax Credit allocation to help a Kentucky automotive parts company to modernize and upgrade its facilities, allowing the business to continue growing and providing career opportunities with many benefits for the surrounding community.

Enhanced Community Development, a subsidiary of Enhanced Capital, Wells Fargo and Three Rivers Community Development Entity announced today that they are helping finance the expansion of Mueller Copper Tube.

Mueller Copper Tube is a subsidiary of Mueller Industries, a global manufacturer and distributor of premium quality copper tube and pipe for plumbing, air conditioning, refrigeration, medical gas and other applications. Mueller is using the financing to purchase equipment and expand its existing production facility in Fulton.

 

Enhanced Capital recently helped support the renovation of a vacant, historic 10-story tower in New Orleans. Built in 1964, Bristow Tower sits on the campus of Ochsner Baptist and once provided housing for hospital employees. The building is on the National Register of Historic Places. However, it has sat mostly empty since 1995; the few ground-level offices used after then were wiped out by Hurricane Katrina.

For the project, Enhanced Capital helped the development team realize value from state Historic Rehabilitation Tax Credits.

Enhanced Capital is pleased to have a role in one of the biggest private developments in the history of Savannah, Georgia.

The new Plant Riverside District is expected to bring as many as 700 new jobs to the city while transforming an old power plant into a modern-day mixed-use development. Enhanced helped the development team realize value from state Historic Rehabilitation Tax Credits, which helped finance the project.

Enhanced Community Development, a subsidiary of Enhanced Capital, announced that it has been awarded $90 million in New Markets Tax Credits (NMTC) allocation. This award marks the sixth time Enhanced Community Development has been awarded New Markets Tax Credits.

TaskEasy, Inc., the premier nationwide, on-demand exterior maintenance provider, announces the availability of two new credit facilities to support its continued growth. Enhanced Community Development, a subsidiary of Enhanced Capital, provided $1.65 million in debt financing through the federal New Markets Tax Credit program, the Utah Small Business Jobs Act, and private capital from Goldman Sachs’ Urban Investment Group. In addition, Square 1 Bank, a division of Pacific Western Bank, has renewed a $2.2 million facility, first established in May 2015, and has increased the amount to $5.5 million.

KIPP Durham College Prep, along with community leaders and its community development partners, celebrated the opening of its newly renovated, historic Holloway Street School on Friday. KIPP Durham opened in August 2015 to a founding class of 90 fifth graders. In its first year of operation, the school operated in the Holloway Street School’s gymnasium which had been converted into four small classrooms. Renovations and additions on the nearly ninety-year old building took fourteen months.

Enhanced Capital provided $405,000 in North Carolina HTC equity.

Representatives of Enhanced Community Development were pleased to attend the recent grand opening of the St. Croix Tissue mill in Baileyville, Maine, which, thanks in part to financing Enhanced provided through the Maine New Markets Capital Investment Program, has created 80 new jobs at a manufacturing facility and is helping preserve more than 300 jobs at the Woodland Pulp mill. The opening of the tissue manufacturing facility comes at a critical time. In the last several years, Maine has seen a number of significant closures in the paper industry.

Enhanced Capital’s Catherine Blume took home the Millennial Award in the Financial Services category after being chosen as one of three finalists from over 200 nominations. The “Voices of a Generation” themed Millennial Awards external link honored New Orleans millennials who make significant contributions in their industry and well as making a positive impact in the community.

Mayor Errick Simmons, economic development officials and other elected leaders gathered Thursday to celebrate efforts to redevelop the historic Sears, Roebuck & Company store, a project projected to bring dozens of new jobs and to spur economic development in downtown Greenville.

The $9.1 million project was financed in part by federal New Markets Tax Credit allocation, Mississippi state New Markets Tax Credit allocation, and state and federal Historic Rehabilitation Tax Credits.

The City of Greenville, developer Bill Boykin, Guaranty Bank and Trust Company, U.S. Bancorp Community Development Corporation and Enhanced Community Development, a subsidiary of Enhanced Capital, announced today their plans to redevelop the former Sears Department Store and three adjacent buildings in downtown Greenville, a project four years in the making that will provide an estimated 36 permanent jobs, along with 75 construction jobs, and is anticipated to spur additional economic development in the area.

Today, the City of Grambling; Kimble Development; Enhanced Community Development LLC, a subsidiary of Enhanced Capital; Hamptons Roads Ventures LLC; and First NBC Bank announced a dynamic economic development project to provide residents of Grambling, Louisiana, with much-needed retail options, including the town’s only conventional grocery store and pharmacy. Called the Legends Square Retail Development, the project is being financed in part by $10 million of federal New Markets Tax Credit allocation. The development is projected to create 100 full-time, local jobs and will add significantly to the local tax base.