News / Events | Dudley Ventures

Apr 25 2025

Gov. Pritzker Cuts Ribbon on New Green Era Campus in Chicago

CHICAGO- Today, Governor JB Pritzker joined local officials, representatives from Argonne National Laboratory, Green Era Sustainability, and Urban Growers Collective to celebrate the fully-operational Green Era Campus on the South Side of Chicago in Auburn-Gresham. The ribbon-cutting highlighted Green Era Campus’ most exciting new addition: the Midwest’s first self-sustainable anaerobic digester, which will divert millions of pounds of landfill food waste to produce clean energy and nutrient-rich compost.

Apr 25 2025

New homeless supportive housing project breaks ground on South Side

SAN ANTONIO – A new housing project to help support more than 200 chronically homeless people officially broke ground Wednesday. The Commons at Acequia Trails, located off Old Corpus Christi Road, will provide 201 units of permanent supportive housing run by San Antonio Metropolitan Ministries (SAMM). The group expects it to be done by late 2026 and filled to near capacity within 90 days. More than just a place to live, permanent supportive housing offers services for people who have been homeless for at least a year and have disabling conditions.

Apr 7 2025

Green Era Announces Mariano’s Diverts 1 Million Pounds of Food Waste into Renewable Energy and Compost

CHICAGO — Green Era Campus and Mariano’s are celebrating 1 million pounds of food waste recycled into renewable energy and nutrient-rich compost. The partnership began in 2023 at the Mariano’s Evergreen Park location and eventually expanded to the Oak Lawn location as well.

Mar 14 2025

CDFI Fund Update: CDFI Fund Releases Application Demand for CY 2024-2025 Round of the NMTC Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 216 applications for the calendar year (CY) 2024-2025 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible areas.

Feb 18 2025

Jesse Owens Clinic set to reopen in April, honoring the Olympic medalist who broke barriers

Jesse Owens was a record-breaking athlete who gained international fame, breaking barriers in the 1936 Olympics. Owens spent his final years in the Valley and one of his final forms of advocacy, the Jesse Owens Clinic, still stands in South Phoenix near Central and Baseline. For the past 7 months, construction crews have been hard at work renovating it. It will soon serve as Mountain Park Health Center’s newest primary care facility that will include some important touches to Owens’ spirit. Utilizing New Markets Tax Credit allocation from Raza Development Fund, MPHC will transform the existing 18,000 SF building into a state-of-the-art 22,000 SF medical facility.

Feb 13 2025

ABA urges passage of New Markets Tax Credit extension

The American Bankers Association today expressed support for a bipartisan bill to permanently extend a tax credit created to attract private investment in distressed communities. The New Markets Tax Credit Extension Act in the House [H.R. 1103] and Senate [S. 479] would further enable banks and other stakeholders to deliver substantial investment and promote greater economic growth in economically distressed rural, urban and tribal communities, ABA said in a letter to the bill’s sponsors. Currently, the tax credit is scheduled to expire at the end of the year. “By making NMTCs permanent, our nation’s small businesses, investors and community development professionals will have consistent access to the vital resources needed to improve our nation’s communities while generating long-term economic growth throughout the country,” ABA said.

Feb 1 2025

NMTC Bolsters Economic Growth in Missouri

Tax Credit Advisor - Last year, Quaker Windows and Doors closed into a $25 million NMTC allocation, which was needed for its third phase of expansion and growth of its manufacturing facilities in Eldon, MO, enabling additional economic revitalization. NMTC allocations were made by CEI Capital Management and Heartland Renaissance Fund, an offshoot of Arkansas Capital, which functions as a Community Development Entity (CDE) connecting projects with NMTCs. Dudley Ventures/Valley Bank provided the NMTC equity investment. Additional funding came from the Missouri Works program, which provides tax credits for projects that create jobs in the state.

Dec 3 2024

Rich Products to Celebrate Giving Tuesday with $80,000 in Grants to Food-Related Nonprofits

Global, family-owned food company Rich Products will celebrate the worldwide philanthropic movement Giving Tuesday on Dec. 3 with the donation of eight grants of $10,000 each to local/regional and global food-related nonprofits that support different elements of the food system - from hunger and food insecurity to sustainable sourcing and food waste. The donations, totaling $80,000 as a nod to Rich's impending 80th anniversary in 2025, will be disseminated from the Rich Family Foundation, the philanthropic arm of Rich Products. The initiative is a part of Rich's Generations of Good commitment, which reflects the company's dedication to social and environmental sustainability.

Oct 21 2024

‘Like a new planet’: Inside the monumental effort in Wilmington to ‘Resurrect Riverside’

PBS’ WHYY recently featured Purpose Built Communities’ Network Member REACH Riverside Development Corporation and The WRK Group in a documentary entitled “Resurrecting Riverside.” CEO Logan Herring of REACH Riverside reminds us that neighborhoods like Riverside can achieve holistic revitalization to not only survive but thrive and remain vibrant communities.

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