Search for:
SBA 8(a) Business Development Program Consulting Services
Cybersecurity Maturity Model Certification (CMMC)
Providing You Guidance to Innovate and Grow Your Business
Government Contractor Consulting Services
Healthcare Industry M&A Report: What We Saw in 2021 and What’s Ahead
Cannabis Accounting, Tax & Business Advisory Services
Providing You Guidance to Innovate and Grow Your Business
Government Contractor Consulting Services
Providing You Guidance to Innovate and Grow Your Business
Government Contractor Consulting Services
General Data Protection Regulation (GDPR) for Higher Education Institutions
Government Contractor Consulting Services
2021 US Middle-Market Private Equity Report
Advisory, Accounting & Tax Services for Special Purpose Acquisition Companies (SPACs)
Risk Management Consulting Services for the Financial Services Industry
Government Contractor Consulting Services
Providing You Guidance to Innovate and Grow Your Business
Government Contractor Consulting Services
Providing You Guidance to Innovate and Grow Your Business
Government Contractor Consulting Services

COVID-19 Guidance Center

Tax Implications and Financial Business Guidance Regarding the Coronavirus

Transaction Advisory Services

Helping businesses navigate financial due diligence engagements and domestic and cross-border transactions.

Employee Retention Credit Tax Services

Expanded Employee Retention Credit (ERC) & how our professionals can assist you.

Services

Project Financing

shadow

How Can I Finance Projects to Build Stronger
Communities for the Future?

The New Markets Tax Credit (NMTC) program provides a federal subsidy of about 20% for projects that create jobs or deliver vital goods and services in low-income communities.

Using a unique public-private partnership among the U.S. Department of Treasury (Treasury) private organizations called Community Development Entities (CDEs) and investors seeking to offset federal tax liability, Treasury authorizes CDEs to sell credits to investors. In turn, CDEs use the capital raised to provide accessible and flexible financing to projects located in census tracts with high poverty rates and/or low median family incomes.

CDEs invest in a wide range of projects through the NMTC program, including commercial real estate projects, operating businesses, or community facilities, all with the goal of creating positive community impact. Often, these projects are unable to find the necessary capital from traditional sources.

Tax Advantage Group by Cherry Bekaert (TAG) helps clients successfully navigate and secure financing for their NMTC projects and has participated in $1.9 billion of funding in NMTC across a wide range of industries.

Securing funding through the NMTC program is a highly competitive process, and we are actively involved every step of the way. That means taking the time to truly understand your capital needs before engaging with CDEs and NMTC investors.

Drawing upon our strong relationships with an extensive network of CDEs and tax credit investors, our professionals work closely with you to showcase the mission of your project to the partners that are most aligned with your project’s expected community impacts. This helps you get the best financing solutions to achieve your objectives.

Where appropriate, we can also assist in identifying and closing on investment from other tax-advantaged solutions, such as state and federal historic tax credits (HTC), Opportunity Zones and other federal and state incentives.

Our commitment to getting you the best overall package is what sets us apart.

We’ve been involved with NMTCs from day one, and related types of financing programs for decades. If you’re looking for the team that’s best positioned to help you navigate this landscape from start to finish, you’ve found it in TAG by Cherry Bekaert.

Learn more about our additional strategic financing capabilities:

Case Studies

  • Expanding a Manufacturing Facility

    SWISS KRONO

    SWISS KRONO built an expansion onto their manufacturing facility with the help of New Markets Tax Credit program in Barnwell, SC. NMTCs played a vital role in financing the expansion with the help of four CDEs. SWISS KRONO will run an apprenticeship program, enhancing the accessibility of quality jobs in the local community.

    Learn More

    • NMTC Allocation: $45,250,000
    • 272 Direct Jobs Created
    • 250 tons Reduced Emissions
  • Improving a Medical Facility

    Tippah County Hospital

    Tippah County Hospital built and expanded their facility, building a first class CAH with enhanced basic and emergency services in Ripley, MS. Four CDEs funded $25.5 million of NMTC Allocation to the Tippah County Hospital.

    Learn More

    • NMTC Allocation: $25,500,000
    • 278 Direct Jobs Created
    • 13,136 LIC Residents Served
  • Developing Grocery, Retail & Affordable Housing

    100 Prince

    100 Prince is a mixed-use development that provides grocery and retail space and affordable housing to Athens, GA. Without the NMTC Allocation, neither the grocery nor the affordable units would be possible in this project.

    Learn More

    • NMTC Allocation: $17,500,000
    • 78 Direct Jobs
    • 10 Affordable Housing Units
    • 54,074 SF Urban Grocery Store
  • Extending Health & Wellness

    SE Raleigh YMCA

    SE Raleigh YMCA improved the facility’s education, health and wellness through New Market Tax Credits. The SE Raleigh YMCA center provides local residents access to improved programming and a state-of-the-art elementary school for students through the YMCA’s leased space.

    Learn More

    • NMTC Allocation: $21,000,000
    • 66 Direct Jobs
    • 63,234 SF Recreation Facility

TAG’s Consulting services are positioned to maximize opportunities, close faster, and generate positive outcomes for local communities. From kick-off to closing, our three-phase approach typically lasts between 12 and 24 months and is designed to support your NMTC journey every step of the way.

Phase 1

In-depth project research, analysis and packaging

We complete a rigorous due diligence process in which our team evaluates your project’s operations, outcomes and financing needs. We then work with you to develop compelling marketing materials designed to capture interest and investment from the most relevant CDEs.

Phase 2

Targeted marketing and sales outreach

We use our knowledge, experience and relationships to determine the CDEs best suited to supporting your project. This process is based on factors like geography, focus area and community impact. We then communicate directly with those CDEs to build a pipeline of engaged potential partners.

Phase 3

Full project closing support

Once we have helped you identify and secure the right CDEs, we assist you throughout the process of closing. This includes supporting you in navigating the different terminology, stakeholders and economic modelling involved. This helps you get the best possible outcome for your project and your community.

“We are an organization that helps folks access New Market Tax Credit capital—whether that’s through New Market Tax credit allocations, applications, placement and deployment or assisting organizations with compliance and asset management functions.” ”
– Peter Byford, Director, TAG by Cherry Bekaert

Let's Talk

Peter Byford

Director, TAG by Cherry Bekaert

Let's Talk

Let's Talk

Laurel Tinsley

Managing Director, TAG by Cherry Bekaert

Let's Talk

Services

New Markets Tax Credits

Learn how our Tax Advisory services can help implement the New Markets Tax Credit for...

Learn More

Management Services

We provide a full suite of NMTC Management Services to CDEs including capital deployment, compliance...

Learn More

The Innovate Fund

Our lending affiliate, The Innovate Fund, transforms businesses and communities across Georgia, N. Carolina, S....

Learn More

Webinar: New Markets Tax Credit (NMTC) Program: How to Qualify

Brochures and Announcements

Optimizing Alternative Capital Sources

Listen to our podcast “Part 5: Optimizing Alternative Capital Sources” as we discuss capital formation,...

Learn More

TAG Services Overview

From finding lenders to writing applications for NMTC funding to providing back-office support like compliance,...

Learn More

Laurel Tinsley Brings Strategic Experience to Tax Advantage Group by Cherry Bekaert

Tax Advantage Group by Cherry Bekaert (“TAG”), a practice that specializes in New Markets Tax...

Learn More

Scott Scheffy Joins TAG by Cherry Bekaert to Expand Offerings to Southeast U.S.

TAG by Cherry Bekaert, a practice specializing in the New Markets Tax (“NMTC”) Credit, Historic...

Learn More