The purposes of the Corporation are to: (1) do all things necessary to qualify as a qualified community development entity; (2) apply to the U.S. Department of the Treasury to be designated as a qualified community development entity; (3) apply to the U.S. Department of the Treasury for an allocation of new markets tax credits; (4) receive, make, and facilitate qualified equity investments and financial assistance available in low-income communities in the State; (5) allocate any new markets tax credits received by the Corporation; (6) coordinate with other qualified community development entities in the State to help ensure that low-income communities are receiving the maximum benefit of qualified equity investments in the State; (7) make investments and financial assistance available to low- income communities in the State from the Corporation's money or from any other source; (8) build a long-term financial capacity and sustained investment in low-income communities in the State; (9) coordinate and create pathways to follow-on financing in the State; and (10) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist low-income communities.
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