With substantial assistance from its Young Professionals Board, on October 1, 2014 Rise submitted an application for a $30 million New Markets Tax Credit (NMTC) allocation.
Administered by the U.S. Department of the Treasury’s Community Development Financial Institutions fund, the New Markets Tax Credit program was established by Congress in 2000. The program permits investors to receive a credit against their federal income taxes for making qualified equity investments in designated community development entities. In turn, those entities must re-invest the equity investments in low-income communities.
Rise YP Board members, quarterbacked by Rise intern Alex McDonnell (Washington University 2015 JD/MBA candidate), and with invaluable oversight and direction from Rise Board chairman Jonathan Goldstein, spent hundreds of volunteer hours writing, editing, brainstorming, and advising the organization on the preparation and submission of its FY 2014 NMTC application. Comprised of young community development industry leaders in law, banking, government, finance, social services, neighborhood development, and market analytics, the Rise YP Board is armed with a mosaic of talented individuals equipped to tackle complex tasks. The brainpower of the members is second only in impressiveness to their generosity!
A NMTC allocation would allow Rise to facilitate investment into priority business lending and facilities development in the aggregate amount of $30 million. These investments would provide hundreds of new, accessible jobs in low-income communities, help to fill vacant commercial and industrial spaces, advance the vitality of critical commercial corridors, and catalyze additional private investment.
There is no doubt that, but for the assistance and leadership of its YP Board, Rise’s NMTC application endeavor would likely have never come to fruition – and would certainly not have achieved such a high level of quality. Rise will learn next summer if its application is successful.
Rise would like to say a huge “thank you” to its Young Processionals Board members for their hard work, diligence, and commitment to our mission of revitalization.
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Rise YP Roasting & Toasting – Great Entertainment
/in Uncategorized /by Larry PerlmutterThe Roasting & Toasting Party hosted by the Rise YP’s on 11.7.14 was full of great entertainment, great drinks and mouth watering Galettes.
Beth Diamond prepared the Galettes with a little help from her friends. Her gregarious personality was only overshadowed by the “to die for” taste of her Galettes. Wow! Beth Bombara serenaded us with her Americana style original material, DJ Chris Bay played the groovin’ tunes when Beth was breaking (and eating a Galette), and the Rise YP’s hosted, roasted and toasted like only they know how! Special thanks to Paula Gaertner and the Thomas Dunn Learning Center. Keep your eyes and ears open for the next Rise YP event!
Rise Young Professionals Prepare New Markets Tax Credit Application
/in Uncategorized /by Larry PerlmutterWith substantial assistance from its Young Professionals Board, on October 1, 2014 Rise submitted an application for a $30 million New Markets Tax Credit (NMTC) allocation.
Administered by the U.S. Department of the Treasury’s Community Development Financial Institutions fund, the New Markets Tax Credit program was established by Congress in 2000. The program permits investors to receive a credit against their federal income taxes for making qualified equity investments in designated community development entities. In turn, those entities must re-invest the equity investments in low-income communities.
Rise YP Board members, quarterbacked by Rise intern Alex McDonnell (Washington University 2015 JD/MBA candidate), and with invaluable oversight and direction from Rise Board chairman Jonathan Goldstein, spent hundreds of volunteer hours writing, editing, brainstorming, and advising the organization on the preparation and submission of its FY 2014 NMTC application. Comprised of young community development industry leaders in law, banking, government, finance, social services, neighborhood development, and market analytics, the Rise YP Board is armed with a mosaic of talented individuals equipped to tackle complex tasks. The brainpower of the members is second only in impressiveness to their generosity!
A NMTC allocation would allow Rise to facilitate investment into priority business lending and facilities development in the aggregate amount of $30 million. These investments would provide hundreds of new, accessible jobs in low-income communities, help to fill vacant commercial and industrial spaces, advance the vitality of critical commercial corridors, and catalyze additional private investment.
There is no doubt that, but for the assistance and leadership of its YP Board, Rise’s NMTC application endeavor would likely have never come to fruition – and would certainly not have achieved such a high level of quality. Rise will learn next summer if its application is successful.
Rise would like to say a huge “thank you” to its Young Processionals Board members for their hard work, diligence, and commitment to our mission of revitalization.
Eleanor Tutt – Data Storyteller at Rise
/in Uncategorized /by Larry PerlmutterThis article is next in a series intended to help you get to know our staff and the work they do at Rise. Many people do not realize the level of expertise and commitment to community development among all of the Rise staff. These are the folks that are doing the hard and sometimes extremely complex work it takes to bring everything together necessary to lift the quality of life in our communities.
Eleanor Tutt is certainly no stranger to hard and extremely complex work at Rise. As Data Management Coordinator, Eleanor is responsible for analyzing Rise’s geospatial databases, collecting and publishing neighborhood indicator data (including building condition, demographic, social, and economic data), and creating Geographic Information System (GIS) maps for Rise planning and development projects. She provides capacity-building technical assistance services to neighborhood organizations, introducing them to data management best practices and assisting them in the development of their own maps and databases. If you have had the opportunity to spend any time at all with Eleanor, you know she is passionate about data and the power it has to shape, change and positively influence our neighborhoods and communities. I am always amazed at the breadth and depth of the work she is involved in and her ability to get people excited about data. It’s hard not to get excited when you listen to any of her presentations or get involved in a conversation with her. She makes it very clear how much she loves her job and how fortunate she is to get to do what she loves every day. If you get the opportunity to attend one of Eleanor’s presentations, don’t pass it up. You will walk away with a new perspective on data.
On any given day Eleanor could be working on anything from the Off the Charts! 2: Data and the Arts for Social Change with the Regional Arts Commission (RAC), to setting up an interactive online dashboard related to problem properties for Dutchtown South Community Corporation, to updating and working on the Neighborhood Data Gateway (a source for data on St. Louis assets and opportunities managed and maintained by Rise), to organizational work for Build for STL and the National Day of Civic Hacking. Whew! That’s a lot for anyone on any day to be working on and that is just to name a few of Eleanor’s projects.
Eleanor also serves on the Executive Committee of the National Neighborhood Indicators Partnership (NNIP) and on the Data Portal Committee of the East-West Gateway Council of Governments Regional Plan for Sustainable Development; she is a member of the St. Louis Chapter of the American Statistical Association, currently serving as its Treasurer; and is a member of InveSTL.
Eleanor has the unique ability to tell many different stories through data balanced with the ability to draw us in through her enthusiasm. Her commitment to her work and her standard of excellence are both admirable and much needed by our communities, and most certainly here at Rise. LP
Want to try to keep up with Eleanor? Good luck! Follow her @eleanortutt
Rise YP’s Host Roasting & Toasting Party 11.7.14
/in Events /by Larry PerlmutterJoin Rise’s Young Professionals Board for a evening of food, drinks, live music and fundraising for a great organization. Don your apron and get in on the fun!
The evening will feature a culinary lesson: “How to cook a Galette” with Beth Diamond.
When: Friday, November 7, 7:00pm – 10:00pm
Where: Thomas Dunn Learning Center, 3133 Gasconade Street
Download the event flyer for more information.
Tickets:
Buy in advance by clicking the button below.
The PayPal form requires that you spell out “Saint Louis” rather than “St. Louis.” If you have difficulties utilizing the PayPal form, contact Larry Perlmutter.
This Friday, in addition to hosting a great party, the RISE YP Board will be launching RISE UP – Young Friends Network of Rise. RISE UP encompasses the larger network engaging with their time and talent for Rise. Members of RISE UP are invited to special events, serve alongside the board, and will be given priority for positions on the Young Professionals Board. Attending major YP Board events, like the Roasting and Toasting Party, allows you to join RISE UP without the membership fee. We want to engage and connect those with a passion for revitalizing the St. Louis metropolitan area and improving the quality of life for those that live and work in our great city.