Michelle Thompson Appointed to The Innovate Fund's Board
Cherry Bekaert is excited to announce that Michelle Thompson, the CEO of Cherry Bekaert Advisory LLC, has joined The Innovate Fund's Board of Managers. This appointment marks a significant step forward in the organization's dedication to community development and job creation in underserved areas. The Innovate Fund, a New Markets Tax Credit Community Development Entity, is committed to enhancing local economies by investing in quality jobs and the health of low-income residents.
Impact of The Innovate Fund on Communities
The Innovate Fund has made remarkable strides since its inception, achieving an impressive economic impact of $1.9 billion across six states. With the creation of over 7,000 jobs, the fund has served more than 407,000 low-income individuals, driving positive change in communities that need it most. Having a dedicated board member like Michelle Thompson will strengthen the Fund’s initiatives and outreach efforts, leading to even greater community enhancement.
Welcoming Expertise to the Team
David Barnett, Board Chairman of The Innovate Fund, expressed enthusiasm on Thompson's appointment: "We are thrilled to welcome Michelle Thompson to the Board of Managers. Her leadership and expertise will be invaluable as we continue our mission of creating positive change in the communities we serve." This sentiment highlights the strategic value that Thompson brings to the organization.
Thompson's Background and Community Commitment
Alongside her new position, Thompson is actively involved in the American Institute of Certified Public Accountants (AICPA) as the Major Firms Group Chair and is committed to promoting diversity and inclusion. She is a respected leader in the accounting field, holding credentials with the North Carolina Association of Certified Public Accountants. Thompson obtained her B.S. in Business Administration from the University of North Carolina at Chapel Hill and an M.S. in Accountancy from the University of South Carolina.
Future Directions with Innovation and Commitment
In her words, "I am inspired by The Innovate Fund's mission to improve local communities. I have always been passionate about transforming our communities and am honored to join a board committed to driving meaningful, lasting changes that will enhance outcomes for our clients and the communities we serve." This passion and commitment are crucial as The Innovate Fund seeks to expand its efforts in economic development.
About The Innovate Fund
The Innovate Fund is a dynamic Community Development Entity leveraging New Markets Tax Credits to foster growth in Georgia, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. The organization has secured $328 million in New Markets Tax Credits to fuel its mission of transforming communities through job creation and enhanced wellness. To explore their impactful strategies further, interested parties can visit their website.
About Cherry Bekaert
Ranked among the largest assurance, tax, and advisory firms in the U.S., Cherry Bekaert serves a diverse clientele both domestically and internationally. The firm operates under the brand name Cherry Bekaert LLP and its advisory segment, providing an array of professional services. With an emphasis on collaboration and understanding client industries, Cherry Bekaert is dedicated to driving mutual success. More information and insights can be found through their platforms.
Frequently Asked Questions
Who is Michelle Thompson?
Michelle Thompson is the CEO of Cherry Bekaert Advisory LLC and has recently joined The Innovate Fund's Board of Managers.
What is The Innovate Fund?
The Innovate Fund is a Community Development Entity that utilizes New Markets Tax Credits to drive economic growth in low-income communities.
How much economic impact has The Innovate Fund achieved?
The Innovate Fund has generated an economic impact of $1.9 billion and helped create over 7,000 jobs.
What is Michelle Thompson's background?
Thompson has a B.S. in Business Administration and an M.S. in Accountancy and is the Chair of the Major Firms Group at the AICPA.
How can I learn more about The Innovate Fund?
You can visit The Innovate Fund's website to discover more about their mission, initiatives, and impact in communities.
