Thursday, March 13, 2003
The Department of Treasury is announcing the first round of New Market Tax Credits tomorrow. In anticipation of the event, a coalition of development finance organizations has launched a new web site to explain the benefits to investors. (Basically, the credits enable investors to receive 39% of the amount invested, plus any return from the underlying investment...a pretty sweet deal.)
If you would like to learn more about this program, start here with this news release. It provides a good overview. But don't expect to get in at this late date. The web site is really designed for investors. It will help the community-based financial services organizations that get the tax credits market to these investors.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Web Watch: New site for New Market Tax Credits
