News / Events | Dudley Ventures

Jul 21 2020

Phoenix agencies get millions in tax credits to support real estate projects in low-income areas

Last week, the CDFI Fund announced $3.5 billion in New Market Tax Credits (NMTC) allocation for developing low-income communities nationwide. Out of 206 that applied, 76 CDEs received allocation awards, including three organizations in the Valley. DV Community Investment, Prestamos CDFI and the Phoenix Community Development and Investment Corporation received a combined $145 million in credits for the most recent 2019 award cycle.

Jul 15 2020

CDFI Fund Awards More than $3.5 Billion in NMTC Allocation

Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2019 round of the New Markets Tax Credit Program.

May 21 2020

Rural King Bringing 75 Jobs to Waverly

Rural King announced Tuesday it will expand its distribution center operations in Waverly, creating 75 new jobs in this newest expansion. Headquartered in Mattoon, Ill., Rural King operates more than 120 farm and home stores in 13 states. The Waverly distribution facility opened in 2015 and currently operates with approximately 370 associates at the location. This facility services a majority of Rural King stores, fulfills e-commerce orders, and completes assembly for Rural King tractors. Rural King chose Ohio for its work ethic and talent in the region. Ohio’s logistical advantages also help the company reach a broad area of the Midwest and Southeastern U.S.

Apr 27 2020

Dak Americas invests in Indiana facility

Dak Americas LLC, an integrated producer and recycler of polyethylene terephthalate (PET) resins that is based in Charlotte, North Carolina, has announced plans to expand its facility in Richmond, Indiana. According to a news release from DAK Americas LLC, the PET recycling company plans to invest $32 million and to hire 30 full-time employees at the facility by the end of 2021. The Economic Development Corp. (EDC) of Wayne County, Indiana, reports that it plans to provide a $140,000 Economic Development Income Tax (EDIT) grant to help Dak Americas with costs associated with the purchase of new equipment and machinery, building construction, adjacent land and training of new and incumbent employees.

Apr 15 2020

DVCI - 10 Year Anniversary Serving Communities in Need

April 2020 marks DV Community Investment’s 10th Anniversary - Our mission of renewal and revitalization of low-income communities nationwide has never been more urgent. Over the past 10 years, our community development financing activities have directly created over 10,000 quality permanent jobs. The majority of these jobs are accessible to people facing barriers to quality, living wage employment, a key factor in breaking the cycle of persistent poverty. We are proud to see the impacts that our NMTC investments have had over the past 10 years which would not have been possible without the amazing organizations we have funded. So much work remains and we are truly excited for what the next 10 years will bring.

Mar 2 2020

New Thomasville Hospital Opens Tuesday

Thomasville Regional Medical Center will officially open its doors on Tuesday morning! Thomasville Regional Medical Center has been in the works ever since the only hospital in rural northern Clarke County closed. The new medical center will provide health services to ~40,000 patients annually.

Feb 18 2020

Utah Powder and Steeps, Without the Crowds

New York Times, by Cindy Hirschfeld - After checking into the Bigelow, the grand but aging dame of Ogden hotels, dating from 1891, I wandered next door to the Monarch, an arts incubator and event space that is part of what is being called the Nine Rails Creative District. A former garage for the Bigelow and now on the National Register of Historic Places, the industrial-chic building houses 40 working artist studios, a cafe, gift shop and more. On this First Friday evening, the place buzzed as locals wandered in and out of studios, wine in hand, and an alt-rock band played in the entryway.

Feb 2 2020

Parkview Warsaw Expanding Into Full-Service Hospital

To better serve Warsaw and the surrounding communities, Parkview Warsaw will be expanding to become a full-service hospital. Plans include space for up to 30 inpatient beds, surgical services and additional specialty care.

Jan 23 2020

Butterfly Wonderland Becomes the First Butterfly Education Facility to Earn Certified Autism Center Designation

The International Board of Credentialing and Continued Education Standards (IBCCES) announced today that Butterfly Wonderland is the second attraction in Arizona—and first butterfly education facility—to become a Certified Autism Center™ (CAC). Sister attraction OdySea Aquarium was the first to become certified in Arizona in 2019.

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