Nehemiah Corporation of America
Nehemiah Corporation of America is a non-profit organization based in Sacramento, California specializing in homeownership, affordable housing and community development. It started in 1994 as a small organization, but grew to prominence later in the 1990s after it developed a program that allowed home buyers to make down payments on their purchases using funds that were derived from the home sellers. This program, the Nehemiah Program, became popular and was widely emulated, giving birth to what came to be known as the seller-funded down-payment assistance industry. The industry attracted criticism from U.S. federal agencies (particularly the Government Accountability Office and the Internal Revenue Service) and was ultimately shut down in 2008 by a change in federal law.
American Enka Company
The American Enka Company, founded in 1928, would become the United States' largest rayon manufacturer. Its research division developed such things as "Tyrex" (for the tire cord market), improved rayon and nylon, and by-products for detergent makers and paper mills. It helped bolster the economies of Western North Carolina, West Virginia, Eastern Kentucky, Eastern Tennessee, Northern Georgia and Northern Alabama during the Great Depression and thereafter; its founding in 1928 by Dutch capital led the way for German, Swiss, and British investments in the American South, and it was one of the companies on the original Fortune 500 list.