New Markets Tax Credit Funding
In 2020 and 2021, Weave facilitated $29 million in Federal NMTC and State NMTC transactions supporting the expansion of TemperPack’s manufacturing facilities in Las Vegas, NV and Richmond, VA. The company makes innovative curbside recyclable insulated packaging material for food and pharmaceuticals.
In early 2019, Weave facilitated a $21.9 million Federal NMTC and State NMTC transaction supporting the first full scale manufacturing plant for Danimer Scientific in Winchester, KY. Weave has worked on multiple NMTC transactions with the company at their headquarters in Bainbridge, GA starting in 2012 totaling over $40 million. The company’s bioplastics replace petroleum based plastics for use in the creation of biodegradable straws and food packaging. The company had a successful IPO in late 2020.
In late 2019, Weave facilitated a $8.5 million Federal NMTC transaction supporting the improvements to the main campus and expansion of Laradon Hall Society’s program space for developmentally disabled students and adults.
In early 2018, Weave facilitated a $14 million NMTC transaction supporting the construction of the first manufacturing for Pursell Agritech in rural Sylacauga, Alabama. The company has developed innovative environmentally friendly controlled release fertilizer technologies and micro-nutrient delivery systems.
In 2017, Weave helped facilitate Rocky Mount Event Center in Rocky Mount, NC in partnership with the municipality. It is a mixed-use community facility housing a health clinic and education facility, retail, indoor sports and fitness center, and a civic event center.
In early 2015, Weave facilitated a $12 million New Markets Tax Credit transaction to support the construction of the Goodwill Opportunity Center in Charlotte, NC. The Center will provide a medical clinic, credit union, job training, and other social services under one roof for Goodwill’s clients. The facility will also house Goodwill’s administrative offices, a large warehouse, and an outlet store.
Colorado Housing Finance Authority (housing fund creation)
Habitat for Humanity of Metro Denver (impact investing)
City and County of Denver (affordable housing funding terms)
Colorado Health Foundation (housing investment needs/opportunities)
Mile High Connects (funded by Kresge Foundation)
James Irvine Foundation (workforce development investing)
Urban Neighborhoods (Dana Crawford)