Tax Credit Marketplace

What Tax Credit Marketplace does

Tax Credit Marketplace, LLC (TCM) is a private South Carolina-based marketplace and fund manager that connects developers and property owners who generate state and federal tax credits with accredited investors, corporations, and institutions seeking to reduce their tax liability. Founded in 2013 by John W. Boyd in Greenville, the firm operates a web-based online auction platform where tax credits are listed and bid on, and complements the marketplace with annually-closed syndicated investment funds that pool investor capital to acquire limited partnership interests in qualifying rehabilitation projects (Historic, Textile Communities Revitalization, Abandoned Building, LIHTC Housing, Angel Investment, Federal Historic, and — as of 2024 — Federal Renewable Energy credits).

The product portfolio has expanded from a single-state, single-program origin into a multi-jurisdictional platform. The annual South Carolina Tax Credit Fund is TCM's flagship offering; the 2025 Fund sourced $61 million in income tax credits supporting 29 rehabilitation projects across 10 counties with over $240 million in total development costs. Since inception TCM and its principals have monetized over $140 million in tax credits across multiple programs. The Renewable Energy Tax Credit (RETC) Division, launched in April 2024 and led by Vice President Lucas Boyd, extends the firm into federal ITC and PTC credits created by the 2022 Inflation Reduction Act.

TCM earns revenue via transaction-based fees on both sides of the marketplace — sellers (developers) and buyers (investors) each pay a percentage of each transaction. The firm maintains three South Carolina offices (Greenville headquarters, Columbia, Charleston), a leadership team of approximately ten including CEO Josh Workman, Chief Strategy Officer Matthew Zackon, Chief Investment Officer Corey Memmott, and VP of Business Development Michael Wolf, and is an active participant in South Carolina legislative and regulatory processes affecting the Abandoned Building Credit and adjacent programs.

Name

Tax Credit Marketplace

Legal name

Tax Credit Marketplace, LLC

Website

https://taxcreditmp.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Tax Credit Marketplace (TCM) operates a web-based marketplace and annual syndicated funds that match South Carolina tax-credit-generating developers with accredited investors, corporations, and institutions seeking state and federal tax liability offsets.

Ownership category

akta.pro rank

Product category

Tax Credit Brokerage & Marketplace

NAICS

Activities Related to Credit Intermediation (5223)

akta.pro primary industry

Online/Virtual Real Estate Auctions (Marketplace Platforms) (BPAJAEAJ)

akta.pro secondary industry

Real Estate Auction Services (FSAEAJAL)

Keywords

• Tax credit marketplace
• Historic rehabilitation credits
• Renewable energy tax credits
• Tax credit syndication
• State tax credit fund

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Transaction Fees: Sellers and buyers both pay a percentage of each transaction to use the marketplace platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Tax Credit Marketplace operates a web-based online auction marketplace that connects South Carolina real estate developers who generate state and federal tax credits with accredited investors, corporations, and institutions seeking to offset their tax liability. The company also manages annual funds that invest directly in qualifying rehabilitation, historic, textile, abandoned building, housing, angel investment, and renewable energy projects, providing investors with allocations of tax credits.

Product overview

Tax Credit Marketplace operates as a unified web-based platform that connects developers and property owners who generate state and federal tax credits through qualifying redevelopment projects with accredited investors, corporations, and institutions seeking to offset their tax liability. The core platform serves as an online marketplace and auction system for tax credit transactions. The product portfolio includes South Carolina state tax credits (Historic Building, Textile Communities Revitalization, Abandoned Building, LIHTC Housing, and Angel Investment credits) and Federal tax credits (Historic and Renewable Energy). TCM organizes these credits into annual investment funds, with the 2025 South Carolina Tax Credit Fund representing the most recent flagship offering, sourcing $61 million in income tax credits and supporting 29 rehabilitation and development projects across ten counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Credit Marketplace Online Platform Web-based auction marketplace where developers list available state and federal tax credits and accredited investors bid on them, with strip market (full lifetime credit) and spot market (single tax year) options.
• Annual South Carolina Tax Credit Fund Flagship annual fund that invests directly into qualifying South Carolina rehabilitation and development projects by purchasing limited partnership interests, allowing investors to receive allocations of state tax credits to offset SC state tax liability. The 2025 Fund sourced $61 million in income tax credits supporting 29 projects.
• Renewable Energy Tax Credit (RETC) Division Dedicated division establishing annual funds to invest in credit-generating renewable energy projects, providing investors with individually tailored allocations of federal renewable energy tax credits.

Quantifiable outcome

• $61 million in income tax credits sourced in 2025 alone (37% increase from 2024)
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Senate Bill 853 CoalitioncoreStrategic or Co-development PartnerA statewide coalition formed in response to South Carolina Department of Revenue's new Revenue Ruling on Abandoned Building Credits. The coalition, including Senator Tom Davis, seeks legislative fix to clarify original intent of the 2013 statute.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Enterprise Community Partners: National nonprofit that invests in affordable housing and community development, including LIHTC syndication. Overlaps with TCM's LIHTC and revitalization credit activities, but with a much larger balance sheet and broader mission.
• National Trust Community Investment Corporation: National nonprofit historic tax credit investor and syndicator. Overlaps with TCM's historic and rehabilitation credit brokerage activities, but operates nationally rather than through an online marketplace, and does not focus on state-level credits in South Carolina.
• US Bancorp Community Development Corporation: One of the largest LIHTC syndicators and historic tax credit investors in the U.S. Overlaps with TCM's tax credit syndication and fund management activities across multiple credit types, but operates as a bank-affiliated program with significantly more capital and national reach.
• Bank of America Community Development Banking: Major LIHTC and historic tax credit syndicator within Bank of America, with a national platform. Comparable developer financing and investor syndication capabilities to TCM, but at vastly greater scale and through traditional bank channels rather than an online marketplace.
• Chase Community Development Banking: Division of JPMorgan Chase that provides debt and equity financing for affordable housing and community development, including LIHTC and historic tax credit syndications. Comparable to TCM's developer financing role but with substantially more capital and national scale.

Emerging players

• Sol Systems: Clean energy investment firm that brokers and finances renewable energy tax credits (ITC/PTC), directly overlapping with TCM's newly launched RETC division. Both serve as intermediaries between renewable energy developers seeking to monetize credits and corporate/institutional investors seeking tax liability offset.

Others

• Novogradac & Company: National accounting and consulting firm specializing in tax credit compliance, valuation, and syndication advisory (LIHTC, historic, renewable). Operates in the same tax credit ecosystem as TCM but as a professional services advisor rather than a marketplace operator.
• CohnReznick: Top advisory firm for tax credit transactions including historic, affordable housing, and renewable energy credits. Works alongside TCM in the broader tax credit ecosystem but as an accounting and advisory service rather than a transaction marketplace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=iI0drQMPROw
• LinkedInlinkedin.com/company/tax-credit-marketplace-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tax Credit Marketplace