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Atlanta Spotlight
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Invest Atlanta announced today that it has been awarded a $50 million allocation of New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury.  The award will go to Atlanta Emerging Markets, Inc. (AEMI), Invest Atlanta’s NMTC entity. Invest Atlanta, through AEMI, will use the NMTC award to provide gap financing for transformative projects, which will help jumpstart economic development, create jobs, and revitalize neighborhoods in Atlanta.

“Invest Atlanta is proud to see the U.S. Department of the Treasury allocate another substantial New Markets Tax Credit award to AEMI, validating the strategic investments we are making,” said Dr. Eloisa Klementich, President and CEO, Invest Atlanta. “Since 2006, we have received nearly $200 million in New Markets Tax Credit awards to fund projects that are strengthening the economic vibrancy of our community. This latest award enables us to continue to play a key role in financing more catalytic development. [ ... ]


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