NMTC Entity Provides Funding For Grady Hospital Expansion

Wednesday, October 19, 2016

In October, Grady Hospital dedicated the new Marcus Trauma and Emergency Center building on its Downtown campus.  Atlanta Emerging Markets, Inc., Invest Atlanta’s New Markets Tax Credit (NMTC) entity, partnered with SunTrust Community Capital to provide $3.3 million in funding for the development of the new 90,000-square-foot tower that will allow Grady to serve 20,000 additional patients each year.

The completed $76 million project will house all Grady Hospital Emergency Department functions, create a total patient capacity of 135,000, and provide enough trauma bays to accommodate 25,000 trauma patients each year – up from 18,000 currently.  New additions will include triage areas, 10 exam rooms for imaging and procedures, and 12 exam rooms for clinical and behavioral health.

SunTrust Community Capital and Community Hospitality Healthcare Services (CHHS) also contributed NMTC allocations to the project.