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Carolina First Community Development Corporation
Greenville SCCDFI Awards for Carolina First Community Development Corporation
NMTC (2009) - $60,000,000
Carolina First Community Development Corporation (CFCDC) will partner with the Department of Commerce, CDFIs, and other CDEs in each of the states it serves to: (1) attract new industry and higher paying jobs in rural areas; (2) rehabilitate blighted urban communities; and (3) provide loans to disadvantaged small businesses. CFCDC will provide loans at below-market rates, and take equity-equivalent provisions that allow the tax credit benefit to be shared with end users in low-income communities. The NMTC allocation will also allow CFCDC to reduce the cost of financing to the borrower by at least 50 percent over what traditional banks could offer at market terms.
NMTC (2008) - $100,000,000
Carolina First Community Development Corporation (CFCDC) will make investments in South Carolina"s rural and urban highly-distressed communities. CFCDC will partner with the South Carolina Department of Commerce and South Carolina CDFIs to attract new industry and higher paying jobs in rural areas of the state, to rehabilitate blighted urban communities, and to provide loans to disadvantaged small businesses. CFCDC"s loan products will provide capital at rates at least 50 percent below market and include equity-equivalent provisions that allow the tax credit benefit to be shared with end users in low-income communities.
NMTC (2007) - $100,000,000
Carolina First Community Development Corporation (CFCDC) will use its NMTC allocation to make investments designed to increase the per capita income and employment for residents of South Carolina"s highly distressed urban and rural communities. It will partner with the South Carolina Department of Commerce and with local CDFIs to: 1) recruit industry to the state; 2) rehabilitate real estate in blighted communities; and 3) provide loans to disadvantaged small businesses. CFCDC’s loan products will provide capital at rates at least 50% below market and include equity-equivalent provisions that allow the tax credit benefit to be shared with end-users in low-income communities.
Other Community Development Financial Institutions in South Carolina
Brookland Federal Credit Union
West Columbia
Business Carolina, Inc.
Columbia
Greenville New Markets Opportunity, LLC
Greenville
Lowcountry Housing Trust
Charleston
South Carolina Community Bank
Columbia
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Social Entrepreneurship
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This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
