Indianapolis, IN
Indianapolis seeks proposals for federal tax credit program
The Madam Walker Legacy Heart was a earlier participant within the New Market Tax Credit score program.
A name is out for organizations to submit proposals to obtain federal tax credit to rejuvenative growth in Marion County.
The New Market Tax Credit score program prioritizes tasks that assist disinvested communities by way of growth. Awarded organizations obtain federal tax credit for tasks. The tasks often concentrate on low-income communities and assist improve employment, training or enhance neighborhood id.
Examples in Indianapolis embody the Madam Walker Legacy Heart, 16 Tech and Recycle Power.
The Division of Metropolitan Improvement leads efforts to drive the neighborhood funding software by way of a chosen Group Improvement Entity. Since 2010 Indianapolis has awarded 142 million {dollars} in New Market Tax Credit.
The Request for Data is out and new New Markets Tax Credit score proposals are due on October 14. DMD will host an data session for undertaking groups all for making use of for financial incentives.
Contact WFYI metropolis authorities and coverage reporter Jill Sheridan at jsheridan@wfyi.org. Comply with on Twitter: @JillASheridan.