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A city development agency has received the authority to grant $35 million in federal tax credits designed to spur investment in economically distressed areas, the city announced Wednesday.
In previous years, these funds were used for The Harrison, Plassman Athletic Center at Turnstone, and the YWCA Hefner Center
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.
Fort Wayne City Council members gave preliminary approval Tuesday to a liquor license for a new business moving into Promenade Park.
The Fort Wayne New Markets Revitalization Fund, LLC will receive $45 million in new markets tax credits, Mayor Tom Henry announced Monday.