Articles about New Markets Tax Credits

Boys & Girls Club Breaks Ground on The Innovation & Expression Studio

On Tuesday, October 10, the John H. Harland Boys & Girls Club in the West End of Atlanta broke ground on their new creative arts hub: The Innovation and Expression Studio (TIES). The new 27,000 square-foot space will provide arts and innovation programming to more than 200 children and teens per day. Both current members… Read more

FlatironCity Named ULI Atlanta’s 2017 Project of the Year

FlatironCity was awarded the 2017 Project of the Year by The Urban Land Institute (ULI) Atlanta at the organization's annual Awards of Excellence.  Invest Atlanta supported the renovation of the Flatiron building, Atlanta's oldest skyscraper, into a next-generation office space. Originally built in 1897, the Flatiron Building is an iconic Downtown Atlanta structure listed in… Read more

AEMI Awards Civic Impact Loans to Three Atlanta Social Entrepreneurs

Atlanta Emerging Markets, Inc. (AEMI) officially closed on the first round of its new Civic Impact Loans program that will go to three Atlanta social entrepreneurs. The flexible, zero-percent interest rate loans will support honorCode, Marddy’s, and Gilliam’s Community Garden as they seek to expand their businesses and make a greater impact in the communities… Read more

Sheltering Arms Early Education Center Officially Opens in Peoplestown

Sheltering Arms, Georgia’s largest nonprofit early education and child care organization, opened its newest center during a ribbon cutting ceremony on August 24. Members of the Atlanta Emerging Markets, Inc. (AEMI) team were on hand to celebrate the occasion. Located on the campus of Barack and Michelle Obama Academy (formerly D.H. Stanton Elementary School), the… Read more

AEMI Supports Renovation of Grady Women’s and Infants’ Center

Grady Hospital’s Women’s and Infants’ Center will undergo a $20 million renovation and expansion, thanks in part to funding from a New Markets Tax Credit allocation received through Atlanta Emerging Markets, Inc. (AEMI). (AEMI is a certified Community Development Entity created by Invest Atlanta in 2006 that specializes in providing gap financing for large-scale, high-impact… Read more

YMCA Regional HQ and Head Start Facility Coming to Vine City

The Invest Atlanta board of directors approved at their May meeting a $2.5 million Westside TAD grant to fund the new YMCA of Metropolitan Atlanta Leadership and Learning Center in Vine City. The Center will house the YMCA of Metro Atlanta’s administrative offices and Head Start learning facility serving 70-90 children aged zero to four-years-old.… Read more

Invest Atlanta Supports New Early Education Center in Peoplestown

Invest Atlanta’s New Markets Tax Credits entity, Atlanta Emerging Markets, inc. (AEMI), has closed a major transaction that will support the construction of a new Sheltering Arms early education center in the Peoplestown neighborhood. AEMI is providing $6.3MM in New Markets Tax Credit (NMTC) allocation to assist with the new development at D.H. Stanton Elementary… Read more

NMTC Entity Provides Funding For Grady Hospital Expansion

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… Read more

A New HQ for Families First

Atlanta Emerging Markets, Inc., an affiliate of Invest Atlanta, provided Families First with an $8.5 million New Markets Tax Credits (NMTC) investment from SunTrust to acquire and convert a former Atlanta Public Schools building on Atlanta’s Westside into its headquarters and main services complex. Families First’s mission is providing safe homes for at-risk children, housing… Read more

Key Transaction Underwrites Movie Studio Complex

Atlanta Emerging Markets, Inc. (AEMI), an Invest Atlanta affiliate, closed a $7 million NMTC (New Markets Tax Credits) transaction last December that will help finance the redevelopment of part of the former Fort McPherson army base into filmmaker Tyler Perry’s new movie studio facility. The Tyler Perry Studios complex, on 331 acres, will have 11… Read more