Invest Atlanta Receives $30 Million in Tax Credits for Development Projects

Atlanta Mayor Kasim Reed

ATLANTA, GA, May 13, 2013) -- Invest Atlanta has received $30 million in New Markets Tax Credits from the U.S. Department of the Treasury to support business growth and development.

 The New Markets Tax Credits program provides low-cost financing to private-sector for-profit companies and non-profit organizations developing real estate projects that benefit the community.  The announcement marks $110 million received by Invest Atlanta in NMTC since 2007.

“As cities across the country emerge from the Great Recession, the New Markets Tax Credits program has been integral in providing financing for essential economic development and community service projects,” said Mayor Kasim Reed. “The New Markets Tax Credit is an effective way to create jobs and drive investment to develop vibrant, thriving communities in the City of Atlanta.” 

 For a complete copy of the company’s news release, please contact:

Patti Ghezzi

The Wilbert Group

404.290.1996 

pghezzi@thewilbertgroup.com