|
|
Article: Stonehenge Capital and National Urban League to Form $127.5 Million Community Investment Fund.
- Article from:
- Business Wire
- Article date:
- May 6, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
BATON ROUGE, La.--(BUSINESS WIRE)--May 6, 2004
Fund will be a national provider of debt and equity to low-income
communities created under the New Markets Tax Credit Program
Stonehenge Community Development, a subsidiary of Baton Rouge-based Stonehenge Capital Company, has received a $127.5 million allocation of New Markets Tax Credits to create the Stonehenge Capital / National Urban League Empowerment Fund. The allocation was announced today by Treasury Secretary John Snow in Racine, Wisconsin. The Empowerment Fund will make debt and equity investments in small businesses located in low-income communities nationwide. ...