ARCHIVES
2013    2012    2011    2010    2009    2008    2007    2006    2005    2004    2003    2002    2001    2000    1999   

Current Articles

News
03/02/2010
Stonehenge Capital Increases Investment Presence In Florida Through New Markets Tax Credits Program
Tampa, Florida – Stonehenge Capital Company, LLC, ("Stonehenge") announced today that it has received $25 million of Florida New Markets Tax Credits. The state-sponsored program encourages capital investment in businesses located in low-income communities throughout the State of Florida.

For more than a decade, Stonehenge has been an active provider of venture and growth equity capital to businesses located in the State of Florida. The firm has invested more than $31 million in 17 high-growth companies since 1999. “Stonehenge remains committed to investing in regions we deem underserved – areas with a high level of innovative and entrepreneurial activity, and a relative dearth of growth capital. This strategy has served our investors well and driven significant economic growth,” said Steve Lux, head of the firm’s Tampa office. “We are thrilled to have our New Markets team complement our growth equity investment activity here in Florida. This allocation is a great indication of confidence from the State of Florida and shows the depth of our commitment to the state.” Karl Blischke, Chief Analyst at Florida’s Office of Tourism, Trade and Economic Development added, “We look forward to working with Stonehenge as it expands access to much needed capital in Florida’s low income communities.”

Stonehenge has participated in the federal New Markets Tax Credit Program, receiving more than $367 million in federal New Market Tax Credits in the past six years. “The combination of federal and state tax credits creates a unique investment opportunity here in Florida,” stated Ron Newsome, who oversees Stonehenge’s New Markets Tax Credit Program operations, “Stonehenge now has a unique offering that delivers added tax incentive to invest in companies located in low income communities in Florida. We will leverage the substantial presence that Steve Lux and the Growth Equity team have built in the state over the last ten years.”

About Stonehenge Growth Equity
Stonehenge Growth Equity (www.stonehengegc.com) represents the venture capital, and private equity financing group of Stonehenge Capital Company, LLC. From its offices in Tampa, Dallas and New York, the growth equity team originates and manages investments nationwide.

About Stonehenge Community Development
Stonehenge Community Development is a subsidiary of Stonehenge Capital Company, LLC and invests in low income communities nationwide with an emphasis on minority owned businesses and non-profit organizations. Stonehenge received a total of $367.5 million in allocations in 2004, 2006, 2008 and 2009 and has used those funds to invest in projects like the World War II Museum in New Orleans, Nissan of Lake Charles (a minority-owned dealership) and the International Civil Rights Museum in North Carolina.

For more information, contact
Steven F. Lux – (813) 221-8302

Associated Company
7thOnline, Inc.
 
Associated Office
Tampa