Latest News

STONEHENGE COMMUNITY DEVELOPMENT, LLC AWARDED $50 MILLION ALLOCATION IN NEW MARKETS TAX CREDIT PROGRAM

Stonehenge Capital Company, LLC will continue to invest in low-income communities across the United States.

Expert Spotlight: Shelley Whittington

Meet Shelley Whittington, Director of Compliance at Stonehenge Capital.

Orr answers questions about funding your small business

Join Orr for this free virtual event on Thursday, June 17, at 11:30 a.m. ET.

Orr invited to speak at NMTC conference

Orr, an expert in finance and community development, joins other NMTC professionals to discuss what CDEs, investors and others should do in the wake of the NMTC extension to show the need for permanency.

Expert Spotlight: Taylor Mayeux

Meet Taylor Mayeux, Director, a member of our Tax Credit Services team in Baton Rouge, La.

Laborde honored as 2021 Money Maker by New Orleans CityBusiness

The annual Money Makers awards recognize financial professionals for achievements in their respective industries and their community impact.

Expert Spotlight: Matthew Malone

Get to know Matthew Malone, Director, a member of our Growth Capital team.

Donaldsonville’s historic Lemann building redevelopment underway

Stonehenge Capital is proud to play a part in redeveloping the historic Lemann building and increasing access to affordable housing in downtown Donaldsonville, La.

Orr featured on 614Startups podcast

Matt discusses the role of community development in finance, the differences between private equity and venture capital, and the criteria investors use to evaluate startups.

LaNasa Featured Speaker at Upcoming Tax Seminar

LaNasa, an expert on federal and state tax incentive programs, will participate on the Credit & Incentives: A Multi-State Perspective panel on March 18 from 11 a.m. to noon.

Expert Spotlight: Jennifer Zoc Cohagen

Meet Jennifer Cohagen, Vice President of Accounting at Stonehenge Capital.

Stonehenge Capital mourns the passing of David Webber

Dave will be sorely missed at Stonehenge.

Stonehenge Capital Welcomes Open Access Fellow Nicole Dillard

Stonehenge Capital is pleased to welcome Nicole Dillard as our first fellow through the Open Access Fellowship 2021 program, an initiative to increase diverse representation in community development finance with paid training and fellowship placement for professionals.

Stonehenge Capital investment will expand access to health care in rural Nevada

Elko Community Health Center is Stonehenge's third Nevada New Markets Tax Credit investment this year.

LaNasa to lead networking session at Novogradac NMTC Virtual Conference

Whitney LaNasa, Senior Managing Director, will join other members of the Women in Tax Credit group to lead “Reading the Tea Leaves: Understanding the Tax Credit Industry,” a special networking session at the Novogradac New Markets Tax Credit Virtual Conference on Friday, January 22. LaNasa has more than a decade of experience with federal and state tax incentive programs and leads Stonehenge Capital’s Tax Credit Services.

Crawford to speak at Novogradac NMTC virtual conference workshop

Jonathan Crawford, Vice President, joins other NMTC experts to host the Advanced NMTC Online Workshop on Wednesday, January 20. Mr. Crawford has extensive experience sourcing, underwriting and administering NMTC investments for the Stonehenge Capital Community Development team.

Stonehenge Capital invests $500,000 in Conner Holdings through the Georgia Agribusiness and Rural Jobs Act (GARJA)

The sawmill, located in rural Homerville, Georgia, will use the flexible working capital provided by Stonehenge for equipment purchases and maintenance, which is expected to increase production capacity and create jobs.

Orr elected to governing board of SocialVentures

Matthew Orr, Vice President at Stonehenge Capital, has been elected to serve on the governing board of SocialVentures, a non-profit that advocates for, develops, and funds businesses in central Ohio that create social impact.

Barber joins Georgia Production Partnership Sustainer Council

GPP, a non-profit coalition of companies and individuals who are active in Georgia's film, video, music and digital media industries, works to advance all aspects of the state’s entertainment industry.

OnSeen is adapting its technology to provide Ohioans with disabilities better access to reliable, affordable transportation services

With support from the Ohio Department of Developmental Disabilities and Opportunities for Ohioans with Disabilities, our Ohio portfolio company is developing a technology-powered transportation network for the Ohio disabilities community.

LaNasa named 2020 Forty under 40 honoree

Stonehenge Capital is pleased to announce that our Managing Director Whitney LaNasa has been named a 2020 Forty under 40 honoree by the Baton Rouge Business Report.

PhoneSoap Receives Novogradac QLICI of the Year Award

Stonehenge Community Development to Receive Recognition at the Novogradac 2020 New Markets Tax Credit Fall Virtual Conference

LeBlanc featured on Buzzhouse Podcast: Understanding Historic Tax Credit deals and COVID-19’s Impact

Steven LeBlanc discusses state and federal historic tax credit transactions on Baker TIlly's Buzzhouse podcast.

Expert Spotlight: Patrick Laborde

Meet Patrick Laborde, a member of our Tax Credit Services team.

Southern Nevada’s only food bank, Three Square, expands services and delivery of produce and meals to food insecure families through investment from Stonehenge Capital

Southern Nevada’s only food bank, Three Square, is expanding its delivery of fresh produce and balanced meals to food-insecure families through an investment from Stonehenge Capital.

Expert Spotlight: Nicole Troché

Meet Nicole Troché, a senior accountant with our business operations team.

The National Named Finalist for Dallas Business Journal's Best Real Estate Deals

The 52-story tower, once the tallest building west of the Mississippi, is now downtown Dallas’ largest development project in size and one of the largest-ever adaptive, historical use developments in Texas.

Stonehenge Capital and Enhanced Capital invest in LilyAna Naturals, a Clean Beauty Skincare Company

The capital provided by Stonehenge and Enhanced through the MSBIC program will allow for the Collinsville, Mississippi-based company’s continued growth and the expansion of its popular skincare product line.

Expert Spotlight: Carlo Santelli

Meet Carlo Santelli, a member of our Stonehenge Growth Capital team in New York City.

LA Commercial Historic Tax Credit extended to January 2026

In addition to extending the sunset to January 1, 2026, Act 25 places an aggregate cap of $125 million per calendar year on the LA HTC, providing the State certainty on the cost of the program moving forward.

Expert Spotlight: Matthew Orr

Meet Matthew Orr, a member of the Stonehenge Capital Community Development team.

Stonehenge Capital invests $4.1 million in CFactor Leasing Corp. to boost growth and significantly increase workforce in rural Georgia town

The investment was made possible by the Georgia Agribusiness and Rural Jobs Act.

Stonehenge Capital donates 170,000 meals to local food banks

When Stonehenge Capital learned that food banks were struggling to meet demand during the COVID-19 crisis, we collaborated across our various offices and pulled together resources for food banks in Columbus, Ohio, Baton Rouge, New Orleans, New York City, LongIsland, Dallas, Atlanta and Hartford, cities where our Stonehenge Capital offices are located.

Expert Spotlight: Jon Ernst

Meet Jon Ernst, a member of our Stonehenge Community Development team.

Stonehenge Capital shows appreciation to health care workers

To show our appreciation for the dedication of our nation’s health care workers, Stonehenge sent cookies from C. Krueger’s, our Ohio portfolio company, to essential workers who are keeping our communities safe.

Richard Allen to speak at CDFA Historic Preservation Financing webinar

Richard Allen, Director of Strategic Initiatives at Stonehenge Capital, will speak at the CDFA Historic Preservation Financing webinar on Tuesday, May 19, 2020 at 1:00 PM ET.

Expert Spotlight: Francine Graphia

Meet Francine Graphia, a member of our Tax Credit Services team.

Expert Spotlight: Rachel Jessee

Meet Rachel Jessee, Small Business Specialist

Stonehenge Capital President Tom Adamek to serve on the board of the Baton Rouge Area Foundation

Stonehenge Capital President Tom Adamek has been elected to the board of the Baton Rouge Area Foundation.

Our 2020 Annual Impact Report highlights Stonehenge Capital's commitment to small businesses, small communities and small projects

Our transformational capital knows no bounds; rather, it deliberately finds its way to our smallest businesses, our smallest communities and our smallest projects.

Stonehenge Capital makes strategic investment in Turnbridge, the preeminent addiction and co-occurring mental health treatment program

Based in central Connecticut, the core of Turnbridge’s practice is a three-phased sober residential living program, which combines a unique mixture of life skills training, self-empowerment, and character development called Preparative Care.

Stonehenge Capital provides Rowayton Venture Group with financing to launch Chain Asset Management Solutions

Chain AMS is the combination of Rowayton Venture Group and the Asset Management Solutions platform, which Rowayton acquired from GE Capital in the third quarter of 2019. Stonehenge Capital provided financing for the acquisition.

The Sinclair Autograph historic rehabilitation connects history with the future

A historic rehabilitation has transformed a 90-year-old art deco building in downtown Ft. Worth, Texas, into The Sinclair Autograph, the world’s first true digital hotel.

Jones joins Stonehenge Capital's Community Development team

Keith Jones has joined Stonehenge Capital's Community Development team as an Assistant Vice President. He will be based in our Columbus, Ohio, office.

Ekman joins Community Development team

Based in Columbus, Ohio, Ms. Ekman is an Associate responsible for providing analytical support to investment officers, underwriting, and maintaining capital investments with an emphasis on New Markets Tax Credits and underserved markets.

Stonehenge Capital’s $6 million investment in Retreat at Southern Connecticut will enhance substance abuse treatment options in Connecticut

Retreat at Southern Connecticut offers residential treatment, partial hospitalization, intensive outpatient treatment, continuing care and community education.

IllumiCare named one of the world’s most promising start-ups by CNBC

IllumiCare, a Stonehenge Capital portfolio company located in Birmingham, Alabama, has been named one of the world’s most promising start-ups by CNBC on its annual Upstart 100 list.

Titus Industrial named second fastest growing company in North Texas

Stonehenge Capital congratulates our portfolio company, Titus Industrial, on being recognized as one of the fastest growing companies in North Texas for the second year in a row.

West joins Stonehenge Capital's Tax Credit Services team

Stonehenge Capital Company, LLC, is proud to welcome Patrick West as the newest addition to the Tax Credit Services team. Based in New Orleans, West will serve as an Associate primarily responsible for underwriting commercial real estate loans and investments.

Barber to speak at TEI conference in New Orleans

Anna Kathryn Barber, Vice President at Stonehenge Capital, will speak at the Credits and Incentives Issue Forum during the Tax Executives Institute’s 74th Annual Conference in New Orleans, Louisiana, on October 29 at 5:30 p.m.

Crawford to serve on panel at upcoming Montrose Group Rural Development Forum

Jonathan Crawford, Vice President at Stonehenge Capital, will serve on the Launching a Rural Entrepreneurism Revolution panel at the upcoming Montrose Group Rural Development Forum at Christian Ohio University on October 31, 2019.

Novus Advanced Manufacturing celebrates grand opening of its new operations facility

Stonehenge Capital’s New Markets Tax Credit investment of $10.5 million enabled Novus to acquire, upgrade and expand the 18,000 square foot facility, creating 174 jobs in this rural community of about 700 residents.

Sen. Cassidy Introduces bill to expand access to Historic Tax Credit

Improvements included in Senator Cassidy’s HTC-GO Act would maximize the impact and benefits of the program.

Meet members of our NMTC team at Novogradac's NMTC Conference in Austin

Jonathan Crawford and Ryan Congrove, members of our Community Development NMTC team, will be available at Novogradac's 2019 New Markets Tax Credits Fall Conference in Austin, Texas, to discuss federal and state NMTC investment opportunities.

National Park Service Annual Report on federal Historic Tax Credit Program confirms extensive benefits of historic rehabilitation projects

In fiscal year 2018, 1,013 historic rehabilitation projects generated approximately 129,000 jobs, including 47,000 construction jobs and 29,000 manufacturing jobs.

Stonehenge wins two QLICI "Deal of the Year" awards for NMTC investments

Two Stonehenge Capital portfolio companies, Flex-N-Gate and InBedCo, were recently announced winners of Novogradac Journal of Tax Credits Community Development QLICIs of the Year awards.

Dangar speaks at Rural Prosperity Summit hosted by Georgia Chamber of Commerce

With recent investments in rural Georgia through the Georgia Agribusiness and Rural Jobs Act, Stonehenge Capital understands the need of America’s rural companies for growth capital to support their boldest growth objectives, such as building expansion, equipment purchases and workforce development.

Crawford to serve on Opportunity Zones and Tax Credit panel at the Council for Development Finance Agencies’ Ohio Invests: Opportunity Zones & Development Finance conference

Crawford will discuss best practices for utilizing tax credit programs to create jobs and energize economies in Opportunity Zones.

Pizitz Builing honored at Urban Land Institue Atlanta's 25th annual Awards for Excellence

The ULI Atlanta Awards for Excellence program recognizes outstanding real estate development projects or initiatives that exemplify ULI’s mission of providing leadership in the responsible use of land and in creating and sustaining thriving communities.

Reach out to our Historic Tax Credit team at Novogradac's upcoming conference

Stonehenge Capital invests $5 million in Ohio-based Bedrock Earthworks to boost growth and double workforce

The investment was made possible by the Ohio Rural Business Growth Program.

Orr to serve on panel during Columbus Startup Week

Orr, a product expert in federal and state New Markets Tax Credit investments, will discuss the qualities that make a business ripe for funding as well as steps founders and early employees can take to make their companies more attractive to investors.

Allen to serve as panelist at the Novogradac Historic Tax Credit Conference

Allen will discuss ways in which developers can twin historic tax credits with other tax credits.

FCP Euro earns spot on Inc. magazine’s 5000 Fastest-Growing Companies in America for the sixth year

FCP Euro appears on the Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies, ranking No. 3017 with three-year revenue growth of 123 percent.

Oil and gas company Nova Terra Well Solutions expands services with investment from Stonehenge Capital

The investment, made possible by the Ohio Rural Business Growth Program, is anticipated to be an economic catalyst for the Danville community.

Stonehenge Capital President Tom Adamek to serve on Opportunity Zones panel with Sen. Bill Cassidy

Stonehenge Capital President Tom Adamek and U.S. Sen. Bill Cassidy (R-LA) will discuss real estate investment through the Opportunity Zones Program, including the types of investments occurring nationwide at Opportunity Knocks, a luncheon panel hosted by the Greater Baton Rouge Association of REALTORS Commercial Investment Division.

Ledet elected to board of State Agriculture and Rural Leaders

Mackenzie Ledet, Director at Stonehenge Capital, was recently elected on behalf of the national Rural Jobs Coalition to the Board of State Agriculture and Rural Leaders (SARL) at its 2019 Legislative Agriculture Chairs Summit in Calgary, Alberta.

Stonehenge Capital invests $500,000 in OTW Safety, enabling company’s growth in distressed part of Salt Lake City

Stonehenge Community Development, LLC, today announced an investment in OTW Safety, an advanced manufacturing company that designs, engineers and supplies high-quality safety barricades for a range of industries worldwide.

Richard Allen to serve on panel at Rural Jobs Coalition workshop

Richard Allen, Director at Stonehenge Capital, will serve as a panelist on State Policies to Support Opportunity Zones at a workshop co-hosted by the Rural Jobs Coalition and the Tennessee Chamber of Commerce & Commerce on August 6 in Nashville,Tenn.

Stonehenge Capital invests $3 million into TechR2, creating new jobs in rural Ohio

This investment is the first of many by Stonehenge in small businesses located in rural Ohio that are poised for growth but lack access to affordable growth capital.

Stonehenge Capital’s investment in Georgia rural small business featured in Georgia County Government publication by ACCG

Holton Cattle & Consulting is one of the investments by Stonehenge Capital that was made possible through the Georgia Agribusiness and Rural Jobs Act (GARJA), enacted in 2017 to provide a mechanism whereby access to capital is available to small businesses within rural parts of Georgia.

2019 New Markets Tax Credit Progress Report details impact on low-income rural and urban communities

Participants, including Stonehenge Capital, utilized $3.2 billion in NMTC allocation to deliver $6.1 billion in total project investment, including the financing of 286 projects in 48 states, Puerto Rico and the District of Columbia and the creation of 58,360 jobs.

Stonehenge Capital celebrates 20 years of investing with purpose in 2019 Annual Impact Report

Founded in Louisiana in 1999, Stonehenge Capital now manages more than $3 billion in investments across its three business lines. The company has financed more than 330 companies in hundreds of locations across the United States, investing in projects that have enabled businesses to create and retain more than 43,000 jobs.

Langer grows its Scottsbluff business with an investment from Stonehenge Capital

The capital provided by Stonehenge Capital through the Nebraska New Markets Tax Credit program will help Langer to grow its new headquarters in Scottsbluff, an area of great economic distress, and to create 10 new jobs in a community with a population of approximately 15,000.

Stonehenge Capital hires Richard Allen as Director of Strategic Initiatives

Allen will be responsible for expanding Stonehenge’s real estate investment capabilities, including providing equity capital to qualified businesses located in Opportunity Zones.

Stonehenge Capital promotes L’Quentus Thomas to Managing Director

Stonehenge Capital Company, LLC, is pleased to announce that L’Quentus Thomas has been promoted to Managing Director. The promotion was recently announced at the firm’s 20th anniversary meeting in Bluffton, South Carolina.

LaNasa to Serve on Historic Tax Credit investor panel at IPED Annual Historic Tax Credit Summit

Whitney LaNasa, Managing Director at Stonehenge Capital, will serve as a panelist at the IPED Annual Historic Tax Credit Summit in Washington, D.C. on June 20, 2019.

Adamek and Congrove to attend grand opening of Romark NMTC investment in Manati, Puerto Rico

Stonehenge Capital President, Tom Adamek and Assistant Vice President, Ryan Congrove, will join Ricardo Rosselló, Governor of Puerto Rico and Rosa Martinez, Acting Program Manager, U.S.Department of Treasury CDFI Fund’s New Markets Tax Credit, among others for the grand opening of the new Romark pharmaceutical manufacturing facility in Manati.

Stonehenge Capital promotes Whitney LaNasa to Managing Director

The promotion was recently announced at the firm’s 20th anniversary meeting in Bluffton, South Carolina. In her new role, LaNasa will continue to develop and grow the Tax Credit Services business line across the country.

European, aftermarket car parts leader FCP Euro receives debt investment from Stonehenge Growth Capital

Investment allows e-commerce car parts leader to expand Connecticut facility and online business

Stonehenge Capital announces investment in NGC Group, Inc.

Investment enables construction firm’s expansion through New Markets Tax Credits

Stonehenge President Tom Adamek speaks to demand of Opportunity Zones near medical facilities

In Dallas, Texas, the development community awaits the release of final rules later this month by the IRS for Opportunity Zones. With investors lining up deals within the zones, Bisnow interviewed Tom Adamek, president of Stonehenge Capital and panelist in the upcoming Bisnow Texas Opportunity Zone Summit.

Stonehenge Capital President and employees continue to promote Opportunity Zones, scheduled to serve on multiple Opportunity Zone panels

President of Stonehenge Capital, Thomas Adamek, is scheduled to serve on a panel of speakers at The OZ Breakdown: How You Can Reap the Benefits in Dallas, Texas on April 9, 2019.

National Park Service annual report highlights tremendous economic impact of Federal Historic Tax Credit Program

Since the Program’s inception in 1977, more than 44,000 structures have been rehabilitated using the Federal HTC with over $96 billion in investment into those projects, including $6.9 billion in private investment in historic preservation in FY 2018.

Over 1,000 Jobs generated in Tennessee low-income neighborhood due to New Markets Tax Credit allocations

Only a mile apart in Memphis, Tennessee, two companies, TAG Truck Center and JNJ Logistics, have benefited from the Federal New Markets Tax Credit Program to finance new facilities and create jobs in an area with a more than 20 percent unemployment rate.

Stonehenge Capital invests $10.5 million in Novus Advanced Manufacturing, enabling company to acquire and expand facility in St. Joseph, Tennessee

Stonehenge Community Development, LLC, a subsidiary of Stonehenge Capital, today announced an investment in Novus Advanced Manufacturing, a minority-owned and operated business that manufactures steel framing components for commercial and residential construction.

Stonehenge tax credit investment preserves piece of Houston’s History

A high-profile Texas historic preservation project financed by Stonehenge Capital recently received recognition for the complexity of the overall redevelopment and financing process – along with the expertise required to see the project through.

Stonehenge Capital investment makes early education possible for children living in low-income community

Stonehenge Capital today announced an investment in the Buffett Early Childhood Fund’s Omaha Early Learning Center at Kennedy, a Head Start-funded, early care and education center that will serve children from birth to age five in North Omaha, primarily in the Highlander/Pleasantview neighborhood.

Stonehenge Capital invests New Markets Tax Credits in Romark Global Pharma to build new manufacturing facility in Puerto Rico

Stonehenge Capital, in partnership with Capital One, Mid-City Community, Empowerment Reinvestment Fund and HEDC New Markets, today announced a $33 million investment in New Markets Tax Credit financing for Romark Global Pharma LLC.

Historic preservation Of Dallas High School scores LEED Gold status

A historic Dallas, Texas, school that was transformed into a mixed-use development with financing from Stonehenge Capital has earned LEED Gold Certification for exceptional Leadership in Energy and Environmental Design.

Stonehenge Capital aids in transformation of Detroit’s Eastern I-94 district

Stonehenge Capital today announced an investment in Flex-N-Gate Detroit (FNG), a manufacturer of automotive components, including bumpers and other exterior trim products, which will help to revitalize one of Detroit’s most distressed neighborhoods with a new 494,000-square-foot manufacturing facility.

Revitalized Pizitz building wins top national award for historic preservation

The Pizitz building, a project financed and partly owned by Stonehenge Capital, has been named Best Historic Project in the 2018 Marvin Architects Challenge.

Stonehenge Capital: Opportunity Zones poised to boost investment in low-income communities

Steven LeBlanc, a vice president at Stonehenge, recently joined U.S. Senator Bill Cassidy (R-LA) on a panel to discuss Opportunity Zones and how they will help to boost the local economy in highly distressed and low-income communities in Louisiana and beyond.

Greater Baton Rouge Business Report publishes profile of Stonehenge Capital founders

The Greater Baton Rouge Business Report, a journal that has covered business in the Baton Rouge area for 35 years, has published a profile of Stonehenge Capital praising the company’s success and the entrepreneurial spirit of its founders, Tom Adamek and Gordon LeBlanc.

Convexity Scientific closes equity investment

FAIRFIELD, Conn. – Convexity Scientific Inc., a life sciences company committed to bringint the best user experience to patients through innovative design and distribution of medical devices, announced today that it has closed an equty investment....

Solar-development leader Verogy receives pre-seed equity from Stonehenge Growth Capital

Verogy, a solar-development company, announced today it has raised $5 million in pre-seed equity capital from Stonehenge Capital, a provider of venture capital, private equity and mezzanine debt.

Stonehenge Capital finances DMS expansion in Detroit and new plant in Toledo, Ohio

The investment, made through the federal New Markets Tax Credit Program and supported by an investment from JPMorgan Chase, will enable DMS to retain 130 jobs in Detroit and to create more than 135 new full-time jobs with full benefits in Toledo.

Williams Sausage Company breaks ground on new factory, receives New Markets Tax Credits to finance major expansion

Stonehenge Capital and Chase today announced an investment in the new Williams Sausage Company factory in Union City.

Stonehenge supports revitalization project in Memphis

An effort to transform the former Mall of Memphis site in Tennessee recently moved forward with the announcement that Stonehenge Capital will help to finance a new TAG Truck Center facility on the property.

Louisiana project featured in National Park Service federal historic tax credit report.

Stonehenge Capital participated as a partner in a historic tax credit project highlighted by the National Park Service in its annual report released this week.