The cities of Thomaston and Cordele have more in common than their location in central Georgia. Both are rural, manufacturing communities and both have suffered thousands of job losses over shuttered factories. Now both are bringing back jobs and rebuilding their local economies with the expansion of two green businesses.
The Residence at Village Green – Grand Opening Colorado Springs, Colorado
The Residence at Village Green celebrated their Grand Opening today of the 28,150 square-foot assisted living facility in Colorado Springs, Colorado. The affordable housing facility has 44 units with 58 bedrooms and is a single-story structure designed to provide for an interior courtyard and simple design to fit well within the neighborhood. Village Green provides care to the elderly and those with special needs. Half of the units are set aside for households with less than 60% of area median income.
DV Renewable Financing, LLC (“DVRF”) is pleased to announce the $8 million financing of two Doosan Fuel Cells at California State University San Marcos (CSU) in San Diego, California. The innovative fuel cell project financing, an emerging renewable energy asset class, was made possible through a captive investment fund, managed by DVRF, utilizing $3 million in Investment Tax Credit equity, debt financing, and California State PUC’s Self Generation Incentives.
AeroFarms Groundbreaking Newark, New Jersey
Attended by Newark Mayor Baraka, New Jersey Secretary of Agriculture, Douglas F. Fisher, and New Jersey Acting Governor, Kim Guadagno, a host of dignitaries, investment partners, and members of the Ironbound Community, AeroFarms broke ground today on its 69,000 square foot, vertical, urban, farm and corporate headquarters. Utilizing a proprietary aeroponic growing system, AeroFarms will produce two million pounds of leafy greens per year. 78 new, direct, permanent, quality jobs will be created, with over 50% employing local community residents. Lauded as an innovative, clean industry, it replaces decades of industrial polluters in the area, the remnants of which continue to be remediated.
The Community Development Financial Institutions Fund announced the 76 Community Development Entities who were selected to receive New Markets Tax Credit allocations under the calendar year 2014 round. The New Markets Tax Credit allocations awarded totaled $3.5 billion in tax equity. Please download the PDF to the left to read the full article
Schools, sports arenas and apartment buildings have sprouted in recent years in this troubled city as part of efforts to revitalize it. Now, it’s kale’s turn to take root in a most unusual spot.
The recurring drama of short-term extensions has become all too familiar for New Markets Tax Credit (NMTC) program participants. By the time Congress reauthorized the NMTC program in December 2014, at $3.5 billion for its 2014 round, the Community Development Financial Institutions (CDFI) Fund already had a pool of 263 applicants requesting an aggregate $19.9 billion in NMTC allocation authority.
NEWARK, N.J., March 9, 2015 /PRNewswire/ - RBH Group and its investment partners, Goldman Sachs Urban Investment Group, Prudential Financial Inc., and AeroFarms, together with the City of Newark and the New Jersey Economic Development Authority (NJEDA), announce the closing of a $30 million project to redevelop a former industrial site in the Ironbound community of Newark, NJ into the world's largest indoor vertical farm and global corporate headquarters for AeroFarms.