A $7,000,000 New Markets Tax Credit (NMTC) investment to support a catalytic commercial redevelopment project in Edenton, North Carolina. This vital funding will drive economic growth and create 155 quality jobs in a community historically lacking access to capital. The investment is targeted at the renovation of the former Sears Building in downtown Edenton and improvements to the adjacent parking area. The renovated facility will house various tenants, including Provalus, an IT service provider dedicated to elevating high-potential rural communities.
