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Two Firsts With One Deal
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New Markets Tax Credit Loan FundsNCIF established a formal working partnership with Coastal Enterprises, Inc. 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. |
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Two firsts with one deal
With its investment in Piedmont Biofuels, Inc., NCIF entered the North Carolina market and added renewable energy to its portfolio of industries.
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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Shepherdstown, WV 25443
Phone: 304-876-2815
Fax: 304-870-2205
NCIF made its first investment in North Carolina and its first investment in a renewable energy company early in 2008. Piedmont Biofuels, Inc. -- a biofuels cooperative based in Moncure, NC - used NCIF and Self-Help Ventures Fund financing to purchase a vacuum pump-equipped tanker truck to collect waste grease from restaurants and institutional food service facilities. The coop will use the grease to produce biodiesel for its 450 + members and supply affordable feedstock to its manufacturing arm, which produces 1,000,000 gallons of B100 biodiesel annually.