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The Innovate Fund

Bringing Transformation to Communities in Georgia, North Carolina, South Carolina, Tennessee, Virginia and West Virginia

Cherry Bekaert’s lending affiliate, The Innovate Fund, has a passion for transforming businesses and communities across Georgia, North Carolina, South Carolina, Tennessee, Virginia and West Virginia. As a certified Community Development Entity (CDE), The Innovate Fund has been awarded $288 million in total New Markets Tax Credits (NMTCs) allocations, which they work to deploy in low-income community projects that improve incomes for workers and low-income community residents through the creation of quality jobs.

The Innovate Fund was created in 2006 to utilize federal NMTCs for revitalization efforts in downtown Greenville, South Carolina. Originally named Greenville New Markets Opportunity (GNMO), the company was able to deploy $89 million of NMTCs into Greenville. Building upon its success, in 2011 GNMO broadened its service area and in 2015 it expanded both its service area and changed its name to The Innovate Fund to reflect a broader mission. The Innovate Fund and Greenville New Markets Opportunity have collectively received $377 million of NMTC Allocations.

To date, The Innovate Fund’s borrowers have created more than 7,000 jobs and delivered goods and services to over 375,000 low-income community residents.

Learn more about our additional strategic financing capabilities: New Markets Tax Credits.

“Across the states of GA, NC, SC, TN, VA and WV, The Innovate Fund works with community based organizations and businesses undertaking transformative community development projects through the New Markets Tax Credits program. Without the financing that The Innovate Fund is able to provide, the impactful community outcomes our borrowers create for their low-income communities would not be achievable.” – Emma Wyatt, Program Manager, The Innovate Fund

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Laurel Tinsley

Managing Director, Strategic Financing Services

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Services

New Markets Tax Credits

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Project Financing

Tax Advantage Group by Cherry Bekaert helps clients successfully navigate and secure financing for New...

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Management Services

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

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New Markets Tax Credits for Private Investment Funds and Family Offices

Brochures and Announcements

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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...

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

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New Markets Tax Credits for Private Investment Funds and Family Offices

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Learn more about how the Innovate Fund is transforming communities in South Carolina, North Carolina, Georgia, and Tennessee