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New Cleveland program aims to boost diversity in development | Crain s Cleveland Business

The application portal opened this week for the Cleveland Equitable Development Initiative, an eight-month program aimed at minority developers who are looking to grow.

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Cleveland-based groups win $80 million in federal New Markets Tax Credits to aid projects

The tax credits are designed to lure private investment to low-income neighborhoods.

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MAGNET awarded $5 million in New Markets Tax Credits for Midtown headquarters

Cleveland Development Advisors allocated $5 million in federal New Markets Tax Credits to MAGNET for the build-out of the organization's Midtown headquarters. Plus, Ohio's education department wants business input on high school students' skills, and Sen. Sherrod Brown urges the SBA to process all small-business COVID loans.

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Cleveland nonprofits look to bring Equitable Development Initiative to the city

Two Cleveland nonprofits hope to help minority real estate developers scale up. Cleveland Development Advisors and Village Capital Corp. are exploring the potential for a local version of the Equitable Development Initiative, an effort born in Detroit in 2018.

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Flats East Bank refinancing puts high-profile project on firmer ground

Flats East Bank refinancing puts high-profile project on firmer ground
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