First Out of the Gate: The Positive Ripple Effects of Community Development

January Triple Pundit

As a steward of the federal New Markets Tax Credit program, our firm vets hundreds of proposed community development projects from around the country every year, all vying for a portion of this limited pool of credits. Each potential project is evaluated on the extent to which it will directly benefit the economically-distressed communities and residents where it's sited: Will it create jobs? Is it an economically and environmentally sustainable enterprise? Does it make business sense?

While these projects stand on their own merits, it often takes more than one new development to shift the overall economic trends in a community. However, being the first "out of the gate" in these historically under-invested areas can serve a catalytic role by attracting additional development and creating other positive ripple effects...

Read full article at Triple Pundit: