Atlanta Emerging Markets, Inc.
Since 2012, we've worked with Atlanta Emerging Markets, Inc. (AEMI) to help secure and support the deployment of $403 million of NMTC allocation in eight separate application rounds.
Atlanta Emerging Markets, Inc.
NMTC for Community Development Entities
Atlanta, GA
AEMI is the Community Development Entity (CDE) controlled by Invest Atlanta, the City of Atlanta’s economic development agency. When SB Friedman was engaged in 2012, AEMI had experienced three consecutive unsuccessful NMTC applications. We were engaged to help revise the CDE’s business strategy to be more competitive, laying the foundation for a sustained run of success. Since then, we have continued to successfully help AEMI navigate changes in the NMTC program to ensure AEMI remains competitive.
Work Completed
Advised on overall business strategy to ensure continued competitiveness for NMTC awards
Wrote eight successful applications securing $403 million in allocation
Built local community development ecosystem to support pipeline development
Assisted with deal structuring, allocation deployment and project evaluation
Upgraded asset management procedures, and entity and affiliate structures
Reviewed and optimized board composition, size and accountability
Monitored community impact and NMTC program compliance
Provided CDFI Fund reporting and on-call asset management assistance
Results
We continue to assist AEMI with asset management and compliance, in deploying its current allocation, and in applying for additional credits from the U.S. Treasury.
Featured Impact Numbers
$403 million (8 applications)
NMTC allocation secured
30+
Projects financed
3,300+
Jobs supported
40,000+
Individuals served annually by AEMI projects
Various Project Renderings
