CVC assists ICC participation in NMTC Syndicate on project

February 15, 2018

Dr. Mark Edelman, Sandra BurkeA New Market Tax Credit and banking syndicate involving Iowa Community Capital (ICC) approved financing to upgrade operations for Simply Essentials LLC, an organic poultry processor located in Charles City, Iowa. It is anticipated that the venture will create and/or retain 500 jobs and provide a nationally integrated market channel for contract poultry producers in the rural region.

Iowa Community Capital, (ICC) is a nonprofit lender certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) and Community Development Entity (CDE) and serves low income populations and underserved rural communities with eligible census tracts. Dr. Mark Edelman and Sandra Burke of the Community Vitality Center (CVC) at Iowa State University and Iowa Microloan have provided technical assistance and strategic support to ICC on an ongoing basis since 2010.