By Drew Goldman, Vice President, Investments This is the first in a series of discussions on how companies can convert tax liabilities into high-quality sustainability investments, which may also produce cash flow. Every year, many sophisticated corporations divert over $20 billion of federal tax payments into projects in renewable energy, affordable housing, and historic […]Read Full Blog Post
With the rise of remote work, developers are betting they can lure young talent and raise economic prospects for the state’s depressed areas. Historic mills across the state of North Carolina are being renovated to attract these young workers. Foss & Company is proud to have served as tax credit investor on each of these projects.
Taking a stroll through Judson Mill, the massive, 35-acre site off Easley Bridge Road that is now under redevelopment, is like touring through Greenville’s past and future at the same time. Foss & Company served as the federal HTC investor, state investor and bridge lender throughout this project.
When the Bipartisan Budget Act of 2018 was passed into law, it expanded the §45Q2 tax credit, an important federal incentive encouraging private investment in the development and use of carbon capture technologies and facilities. Tax credits for the capture and long-term, permanent storage of carbon oxides are intended to generate a competitive financial return and have a positive environmental impact.