Wednesday, April 10, 2024
COMMUNITY SCHOOL OF THE ARTS RECEIVES $5 MILLION IN FUNDING FROM NEW MARKETS TAX CREDITS
In a historic moment for Fort Smith, Arkansas, Community School of the Arts was awarded $5 million in funding to assist in construction and other costs of the new Center for the Creative Arts located at 1101 Riverfront Drive thanks to the federal New Markets Tax Credit program. This represents a big day in the life of Fort Smith and Arkansas - culturally, economically, and educationally. Established by Congress in December 2000, the New Markets Tax Credit program is designed to attract private-sector