Cinnaire has announced the appointment of three new Board members. The new members join the organization’s Board of Directors to provide strategic direction supporting continued growth around Cinnaire’s commitment to investing in people and places to transform communities. “Sarida, Fred and Amandula have each demonstrated a remarkable commitment to our mission and industry,” said Mark …
Ivy Tech Automotive Technology Center One of Five Businesses Receiving 2022 Novogradac Journal of Tax Credits Award Cinnaire has announced its NMTC development, Ivy Tech Automotive Technology Center in Indianapolis, has been recognized with a prestigious 2022 Novogradac Journal of Tax Credits Real Estate QLICI of the Year Award. The Novogradac Journal of Tax Credits Community Development QLICIs …
Cinnaire NMTC Development Recognized with National Real Estate QLICI of the Year Award Read More »
New Markets Tax Credit Provides Investment to Support New Headquarters & Manufacturing Facility for Tommy Car Wash Systems Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in New Markets Tax Credit (NMTC) allocation. Cinnaire, in partnership with Michigan Community Capital (MCC), Huntington Bank, …
Cinnaire & Partners Invest in Tommy Car Wash Systems Expansion Read More »
Award Will Spur Projects Focused on Education and Job Creation in Disinvested Communities The US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. Since 2009, Cinnaire is an eight-time NMTC recipient with awards totaling more than $419 million. Cinnaire manages an …
Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund Read More »
Speaker: Ryan Robinson presenting results of the Q2 2021 Michigan Future Business Index
Paul’s Place-Groundwork Kitchen Honored as Small Business QLICI of the Year Ten community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credit QLICIs of the Year Awards. The awards honor CDEs who strive for excellence in community development. Cinnaire received the Small …
Cinnaire Captures Novogradac QLICI of the Year Award Read More »
U.S. Department of Treasury’s CDFI Fund Announced the Awards with Vice President Harris, Treasury Secretary Janet Yellen, Senator Mark Warren and Representative Waters The U.S. Department of Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs) through the departments CDFI Rapid Response Program (CDFI RRP). The grants will be …
Cinnaire’s New Markets Tax Credit Funding Provides Financial Support for Workforce Development Center in Indianapolis, IN Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the grand opening of the Ivy Tech Automotive Technology Center. The $14 million project is one of the $176 million in …
Grand Opening for Ivy Tech Automotive Technology Training Center Read More »
In the City of Wilmington, the challenges posed by systemic racism are nothing new. Wilmington’s neighborhoods have been particularly harmed by the legacy of racist policies that have fueled segregation and a vicious cycle of disinvestment, leading to the devaluation of assets and a large number of vacant properties that contribute to crime and instability …
Today, the Opportunity Investment Consortium of Indiana officially launched in efforts to intentionally champion the transformation of Opportunity Zone neighborhoods into vibrant places for residents and businesses. The Consortium has just released an online portal to aid in matching projects in need of funding in these specified census tracts to potential investors. This morning in Indianapolis, more than 100 community …
Award Will Revitalize Low-Income Communities and Spur Economic Development Cinnaire recently received a $65 million New Markets Tax Credit (NMTC) award from the U.S. Department of Treasury’s CDFI Fund. Cinnaire was one of 73 organizations selected from a pool of 230 applicants to receive an award. Cinnaire received one of the largest national awards and the …
Cinnaire Receives New Markets Tax Credit Award from CDFI Fund Read More »
Cinnaire is proud to release Issue 2 of Avenues to Affordability, our quarterly publication covering the latest topics and trends in the community development space. This quarters’ news centers around Develop Michigan Inc., or DMI, a non-profit, development finance organization driving economic development projects across the State of Michigan. DMI is a collaborative effort led …
GLCF Magazine, Avenues to Affordability, Explores Develop Michigan, Inc. (DMI) Read More »
