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NCIF Demonstrates "Triple-Bottom-Line" Approach with Investments in Virginia and North Carolina
This fall the Natural Capital Investment Fund approved new investments in sustainable manufacturing and sustainable agriculture totaling $500,000.
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NCIF Welcomes New Team Member
Anna Tefft, Senior Business Lender, joins NCIF in Chapel Hill office. |
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NCIF Benefits from Talented Group of Interns
The Natural Capital Investment Fund is thankful for the great work of recent MBA Summer Associates Elli Stephanede (NYU-Stern) and Napoleon Wallace (UNC Kenan-Flagler). Wake Forest Law School graduate Shawn Handy is working with NCIF this fall. |
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NCIF Partners with CEI to Benefit Rural Communities through $125 Million NMTC Program
This fall the U.S. Treasury allocated $125 million to Coastal Enterprises Inc. (CEI) as part of the federal New Market Tax Credit (NMTC) Program. In partnership with CEI, the Natural Capital Investment Fund will deploy funding in rural communities across its market area - West Virginia, Virginia, North Carolina, and Tennessee. |
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Carolina Wood Pellets Open for Business
NCIF portfolio company Carolina Wood Pellets has begun production of wood pellets at its Franklin, NC facility. People interested in purchasing wood pellets (wholesale or retail) or a wood pellet stove (which qualifies for a federal tax credit and a state tax credit in some states) should call Steve or Janice Smith at 828-524-0625. |
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NCIF Partners to Offer New Markets Tax Credit Products
In 2008, NCIF established a formal working partnership with CEI Capital Management, LLC to provide access to New Markets Tax Credit-based loan funds in our four state service area. This partnership represents a unique opportunity to accelerate the development and implementation of triple bottom line projects in rural Appalachia and the Southeast. Read more>
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In Southwest Virginia, NCIF provided $250,000 in financing for First Fruits Beverage Company in Marion, VA to launch a hot fill line that will serve leading organic beverage makers and create new jobs in Smyth County.
In North Carolina, Neil Moye received $250,000 in financing to start Simply Natural Dairy Farm, an organic dairy. The dairy will further diversify his tobacco farm in Greene County, NC.