InnovateFund 2022 Impact Report

Aug 1, 2022 | Press

The Innovate Fund’s largest NMTC investment at $16.5 million, Judson Mill supports 197 direct jobs with 64% being Quality Jobs and 58% being Accessible Jobs to people with a high school diploma or less in an Appalachian Regional Commission (ARC) Distressed Area with Poverty rate of 44.2%. The project sponsor also committed to offering space to non-profit and locally owned tenants of at least 20% below market rates and at closing the average percent below market was 51.48%.

Feed & Seed, a local non-profit with a mission to increase food security for all South Carolinians, will occupy over 18,000 sq. ft. of space, providing them a permanent home for the first time in an HFFI designated food desert. The YMCA of Greenville will operate an almost 13,000 sq. ft. fitness center, providing the neighborhood with its only wellness facility open to the public. Tenants of the project have committed to providing reduced rates for low-income residents, free demonstration and training programs for area residents, and community gardens and produce stands at below market rates.

Read the full report at The InnovateFund