Advantage Capital Partners Awarded $75 Million Allocation in New Markets Tax Credits
New Orleans-based investment firm Advantage Capital Partners has been awarded $75 million by the New Markets Tax Credit program, bringing the total awards received by the firm since 2002 to roughly $600 million. The New Markets Tax Credit program was established by Congress 13 years ago to increase investing in low-income communities; it allows individuals and companies to get tax credit against federal income taxes in exchange for equity investments in community development entities.
26 April 2013•3 mins read
