Enhanced Community Development, a subsidiary of Enhanced Capital, announced that it has been awarded $15 million in Louisiana New Markets Tax Credits (NMTC) allocation.

The investments will benefit impactful businesses and organizations serving low-income communities in Louisiana as they recover from the economic impacts of COVID 19. The program requires that at least half of the investments be made in impactful businesses and organizations located in rural communities or owned by minorities, women, or veterans.

“Enhanced Capital is a national impact investor, but we are proud to call Louisiana home,” stated Richard Montgomery, Managing Partner of Enhanced Capital. “As communities across our state recover from the COVID-19 pandemic, Enhanced Capital will put the capital raised under this New Markets Tax Credit award to work quickly.”