Stay updated with breaking news from Development Entities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Fort Wayne will receive $35 million in tax credits from the U.S. Treasury that is designed to spur investment in distressed areas, according to a media release from city officials Wednesday.
The Fort Wayne New Markets Revitalization Fund, LLC will receive $45 million in new markets tax credits, Mayor Tom Henry announced Monday.
The New Markets Tax Credit program allows businesses to make equity investments in severely distressed rural and urban communities.
The Fort Wayne New Markets Revitalization Fund, LLC will receive $45 million in new markets tax credits, Mayor Tom Henry announced today.
The U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund has revealed it awarded $5 billion in New Markets Tax Credit (NMTC) awards to 107 Community Development Entities or CDEs from across the nation.