News

Seasoned NMTC Players Drive Industry Growth

March 17, 2015

The recurring drama of short-term extensions has become all too familiar for New Markets Tax Credit (NMTC) program participants. By the time Congress reauthorized the NMTC program in December 2014, at $3.5 billion for its 2014 round, the Community Development Financial Institutions (CDFI) Fund already had a pool of 263 applicants requesting an aggregate $19.9 billion in NMTC allocation authority.

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$154.5 million Advantage Capital Agribusiness Fund Closes, Announces First Deal

February 20, 2015

Advantage Capital Agribusiness Partners closed a $154.5 million agribusiness focused fund in late 2014 and has announced the fund’s first investment in Iowa Cage-Free, LLLP of Goldfield, Iowa. The fund focuses on businesses involved in the production, processing and supply of agricultural products across the country.

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Assemblymember Medina Named Legislator of the Year by Advantage Capital Partners

January 30, 2015

Advantage Capital Partners awarded Assemblymember Jose Medina with its Legislator of the Year award. Assemblymember Medina was recognized for his leadership and dedication to economic development during the Novogradac New Markets Tax Credits Conference in San Diego, the largest industry gathering in the country with over 600 attendees from across the nation.

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Advantage Capital Partners Awarded $60 Million Allocation in New Markets Tax Credit Program

June 6, 2014

NEW ORLEANS, June 6th, 2014– Leading venture capital and small business finance firm Advantage Capital Partners has been awarded a $60 million allocation in the highly competitive federal New Markets Tax Credit (NMTC) program. This latest allocation brings the firm’s total awards since the program began in 2002 to $659 million, and maintains the investment firm’s leadership role as a top program participant nationwide.

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USDA Announces $150 Million Investment Fund to Grow Small Businesses, Create Jobs in Rural America

April 21, 2014

Cedar Rapids, Iowa, April 21, 2014 – As part of the Obama Administration’s new “Made in Rural America” export and investment initiative, Agriculture Secretary Tom Vilsack today announced the creation of a new investment fund that will help propel the growth of small businesses across rural America. The new Rural Business Investment Company (RBIC) will now allow USDA to facilitate private equity investments in agriculture-related businesses. Currently, USDA programs exist to help provide loans or loan guarantees to help rural businesses grow, but many small cutting-edge businesses also need equity support in addition to or instead of borrowed funds.

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Local Investment Firm Participates in Leaders Against Litter

April 11, 2014

NEW ORLEANS –Friday, April 11th, 2014 – Advantage Capital Partners, a leading growth capital and small business finance firm, teamed up with Keep Louisiana Beautiful for the New Orleans “Leaders Against Litter” event, a statewide litter-thon to heighten awareness and confront the littler problem in Louisiana. Local council members, legislators, citizens and staff from Advantage Capital Partners met at Taylor Park to pick up litter and improve the quality of the community.

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