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Learn How New Markets Tax Credits Stimulate Growth Workshop 4/2 – Lakeland

The New Market Tax Credit Program (NMTC) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate project located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax…

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Live Oak CRA roundup

Michael Mitchell, the event coordinator for the Civil War re-enactment Raid on the Suwannee, informed the Live Oak Community Redevelopment Agency of the success of last year’s event during a recent CRA meeting. Mitchell said he was able to return money back to the CRA, per an agreement, and received a lot of positive feedback…

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Bradenton officials continue to ponder future of community redevelopment agencies

BRADENTON — The future of Bradenton’s community redevelopment agencies may depend on who controls the money. A prolonged debate between Bradenton officials broke out Wednesday morning over the future of the four city CRAs, including the 14th Street West CRA, Central Community Redevelopment Agency in East Bradenton, Bradenton CRA and the Bradenton Downtown Development Authority,…

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If not blight, then what?

INVERNESS — Merriam-Webster defines blight as something that spoils the appearance or completeness of a thing. Urban blight is an area in a “damaged or worsened condition,” according to the dictionary. Then there is the Inverness City Council’s definition of blight, as spelled out in a resolution passed this week: A condition detrimental to the sound…

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