Los Angeles Development Fund
Government Administration - Los Angeles, California, United States
Los Angeles Development Fund Employees
Los Angeles Development Fund Details
The primary mission of the LADF is to create jobs, boost the economy of distressed communities, and improve the quality of life for those living within the City of Los Angeles.The LADF assists in carrying out the economic development program and objectives of the City of Los Angeles to promote the development, establishment or expansion of industries and commerce.We generate private investment capital for businesses or economic development projects through the New Markets Tax Credit Program (NMTC). The program was designed to increase the flow of capital to businesses and low income communities by providing a tax incentive to private investors. The NMTC has proven to be an effective, targeted and cost-efficient financing tool benefiting communities experiencing greater economic distress within the City of Los Angeles.The LADF is a certified Community Development Entity.
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