Subscribe to Rough Draft

Posted inAtlanta Intown

City receives $60 million in federal funding for economic development projects

Invest Atlanta, the city’s economic development arm, has received $60 million in New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury to provide gap financing for economic development projects in low-income areas. Congress established the NMTC program in 2000 to attract investment to areas with low median income and high unemployment. […]