About | Legacy Economic Growth Fund

OUR COMMUNITIES ARE AT THE HEART OF EVERYTHING WE DO

As a Community Development Entity (CDE), we share a common mission of stimulating economic job growth by financing local businesses, creating jobs, and rebuilding neighborhoods.

Legacy Economic Growth Fund (LEGF) is a Community Development Entity (CDE), with New Markets Tax Credit authority. Borrowers can receive subsidized loan terms in the New Markets Tax Credit financing program. Within this program, borrowers who qualify may be eligible for one of the two NMTC products: Small-Dollar Loan Pool structure ($200,000-$4,000,000) and the Direct Leveraged structure ($6,000,000+).

We’re Fulfilling Our Mission To Spur Economic Growth In Rural & Underserved Areas.

Legacy Economic Growth Fund was awarded a total of $185MM in allocation in the last three NMTC rounds. The allocation was made possible because of Legacy Bank & Trust Company’s designation as a Community Development Financial Institution (CDFI) and LEGF’s designation as a Community Development Entity (CDE) with a mission to spur economic vitalization in rural and underserved areas.

LEGF uses the New Markets Tax Credit program to help small businesses and finance projects related to manufacturing, hospitality and community centers. The projects funded through LEGF’s New Market Tax Credit are creating jobs in rural communities, providing goods and services and improving healthcare to low income areas. LEGF has the unique ability of serving small businesses with new market tax credits through the small dollar new market tax credit loan pool.

Legacy Bank & Trust Company is committed to providing affordable and fair financial services to underserved areas in the communities we serve.

Project Allocation Summaries

Our communities have given us everything. We do what we can to give back.