Arkansas School for Math, Sciences, and the Arts
Hot Springs, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$15M for construction of a new student life complex with a new dorm, library and study space for a two-year, public residential high school that serves academically and artistically motivated students. ASMSA is one of 20 similar institutions in the country that focuses on Science, Technology, Engineering, the Arts, and Math (STEAM) education. It has gained national recognition as one of the nation’s top performing schools.
Big River Steel I and II
Osceola, Arkansas
Arkansas Capital – Pine State Regional Center
Now part of U.S. Steel, Big River Steel is one of the world’s most advanced high-grade specialty steel plants and became the nation’s first LEED-certified steel production facility. Arkansas Capital and its Pine State Regional Center EB-5 program subsidiary worked to bring more than $2.5 billion of foreign investment capital to the table for the construction of the plant in Mississippi County – an EB-5 rural Targeted Employment Area.
Bruno’s Little Italy
Little Rock, Arkansas
Arkansas Capital – Lending Services
Since 1949, Bruno’s Little Italy has been Central Arkansas’s premier destination for authentic Neapolitan Italian cuisine. Arkansas Capital partnered with the Bruno family to get additional financing for the kitchen equipment needed to complete the restaurant’s move to downtown Little Rock in October 2013.
Fiber Resources
Pine Bluff, Arkansas
Arkansas Capital – Lending Services and Heartland Renaissance Fund
Flexible, creative financing combining both USDA lending and New Markets Tax Credits helped this wood pellet manufacturing company rebuild after a major fire destroyed its production facilities. The company was able to preserve jobs for more than 100 employees, and the financing allowed the owners to implement new safety measures to help protect against future disasters.
Homeland Grocery
Oklahoma City, Oklahoma
Arkansas Capital – Heartland Renaissance Fund
$10M for construction of a 30,000 square foot full-service grocery store. Located in a food desert in northeast Oklahoma City, city leaders have been trying to attract a new grocery store to the area since before 1993. The project is part of the Northeast Oklahoma City Renaissance Urban Renewal Plan and is located in an Opportunity Zone.
Haas Hall Academy
Rogers, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$16M rehabilitation of the historic Lane Hotel, a cornerstone of the of City of Rogers’ downtown revitalization plan. This location of Haas Hall is one of four in Northwest Arkansas. The twinned New Markets Tax Credits/Historic Tax Credits transaction allowed for a complete rehabilitation of the facility which now includes newsrooms, modern science labs and a full-service cafeteria, which provides free lunch for students.
Arkansas Flag and Banner
Little Rock, Arkansas
Arkansas Capital – Lending Services
In 1975, owner Kerry McCoy launched her business selling commercially door-to-door. Her business grew over the coming decades and especially so after 9/11 terrorist attacks, when demand led her to expand her business to retail sales. McCoy knew she needed to bring her company into the digital age, but was worried about the personal debt she had accumulated over the years. Arkansas Capital created an innovative financial package using SBA lending and options addressing the debt to increase cash flow, which she credits for saving her company.
Larsen Tool & Plastics
Prairie Grove, Arkansas
Arkansas Capital – Lending Services
Trygve Larsen, working for nearly 40 years in the tool and die industry, saw a need for a machine shop in Northwest Arkansas that could provide high-tech plastic molds and parts. Arkansas Capital teamed up with a local community bank to fund the construction and the equipment needed to build it. The company opened in December 2019; just before the COVID pandemic hit. With an already-established reputation for knowing the needs in the industry and providing quality customer service, the company not only survived COVID, but flourished.
Open Avenues
Rogers, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$8M for construction of new headquarters for Open Avenues. For nearly 50 years, the nonprofit has provided socialization, life skills and workforce/career training for their clients, empowering them further as they work to secure meaningful employment opportunities. The new facility allowed Open Avenues to more than triple the number of clients they serve.
Our House
Little Rock, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$10M of New Markets Tax Credits to finance a $16M expansion of a homeless shelter that will allow Our House to double its capacity to provide transitional housing for families, double the size of its childcare development and youth programs, create new, dedicated space for physical and mental health services, and expand its workforce training services.
University of the Ozarks
Clarksville, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$18.6M of New Markets Tax Credits for renovation, construction and equipping of the university’s Wilson Science Center. The facility encompasses 47,000 square feet and is used by a student population where 55 percent of students are from low-income families. The new classroom space, meeting space and research labs are enabling the university to expand its research efforts and further attract faculty and students.
Mann on Main
Little Rock, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$22M of New Markets Tax Credits for renovation and rehabilitation of the historic Mann Building. in downtown Little Rock. This project was the catalyst for the redevelopment of the Main Street Corridor, using twinned New Markets Tax Credits/Historic Tax Credits. Due to the lack of recent investment in the area, real estate comps were extremely low and the rehab costs exceeded the finished appraised value of the building. NMTCs helped bridge the gap between the actual cost and the appraised value and has helped attracted additional private investment into the neighborhood.
Safe Foods Corporation
North Little Rock, Arkansas
Arkansas Capital – Heartland Renaissance Fund
$28M LEED-certified rehabilitation of a shuttered brownfield facility for the company’s new headquarters. The facility vertically integrates all of the The project vertically integrates all of the company’s processes, which focuses on food afety applications primarily for the poultry industry worldwide.
