Huntington Bank and Broadstreet launch $25M NMTC fund to fuel economic opportunity in low-income communities

NodeGuardian · 2026-04-09T05:32:20+00:00

Huntington Bank and Broadstreet launched a $25 million impact investment fund using New Markets Tax Credits to aid economic development in high-poverty areas. Their first investment of $1.8 million supports NewBridge Cleveland Central School for Practical Nursing, aiming to create jobs and improve healthcare workforce availability.

NodeGuardian

2026-04-09 05:32:20

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Huntington Bank and Broadstreet have partnered to create a new $25 million impact investment fund utilizing New Markets Tax Credits (NMTCs) to support economic development in high-poverty areas. The fund’s first investment provides $1.8 million in low-cost financing for the relocation and renovation of NewBridge Cleveland Central School for Practical Nursing, a tuition-free healthcare training center. This initiative aims to create jobs, offer vital services like healthcare and workforce development, and address the shortage of qualified healthcare workers in the region.

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