Ron Clark Academy

New Markets Tax Credit Coalition

Atlanta,
GA
(2019)

Ron Clark Academy

Adult Education, College or Vocational Training, Community, Mixed-use, Nonprofit Hub, Schools

The construction of the new 42,000-square-foot state-of-the-art Ryan Marshall Performing Arts Center, which expanded the existing school building both for student activities as well as for RCA's teacher training programs.

Investment

NMTC Amount: $17,540,000
Total Project Cost: $24,235,708

IMPACT

40 FTE jobs
100 construction jobs
Expand to serve 150 students, up from 120 and train 15,000 educators annually up from 10,000
42,000 sq. ft. of real estate

CDEs

Atlanta Emerging Markets, Nonprofit Finance Fund

Investor

Truist

Project Description

The NMTC allocation will assist with the construction of the new 42,000 sq. ft. state-of-the-art Ryan Marshall Performing Arts Center, which expanded the existing school building both for student activities as well as for RCA’s teacher training programs. As a result, the school will be able to serve an additional 30 students annually and train an additional 2,500 teachers annually, increases which helps make the school 100 percent financially sustainable as well as subsidize tuition for students from households earning less than $30,000 annually. The $23 million expansion will also create seven new full-time positions.

MAP

Address: 228 Margaret St SE, Atlanta, GA 30315

Census Tract: 13121006700

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