Ivy Tech Community College Receives Low-Income Community Investment Award
The Novogradac Journal of Tax Credits has awarded Ivy Tech Community College with an award for its community investment of the Automotive Technology Center. The Journal recognizes organizations that have made exceptional qualified low-income community investments (QLICIs) in the past year with the Novogradac Journal of Tax Credits Real Estate QLICI of the Year Award.
Ivy Tech’s Automotive Technology Center was made possible through a variety of automotive and community partners, including a $1 million gift from the Indianapolis Auto Trade Association, which provided a jumpstart on the fundraising for this project. It was also made possible through its New Market Tax Credit partners: Cinnaire, PNC Bank and the City of Indianapolis.
“The Indianapolis Automotive Technology Center project is an example of the best kind of community partnership,” Ivy Tech President Sue Ellspermann said. “The investment is aligned to the needs of the city both in workforce and economic development. By investing in a low-income area of the city, Indianapolis and Ivy Tech are revitalizing the Lafayette Square area and providing Hoosiers with postsecondary training that will lead to high-wage, high demand jobs.”
The 60,000 square-foot state-of-the-art Ivy Tech Automotive Technology Training Center located at 4751 Century Plaza Road houses classrooms, training labs, student commons, faculty offices, and corporate labs for Ivy Tech’s manufacturing partners. Students can pursue one of many certificates and degree programs such as diesel electronics, electric and hybrid vehicle, auto body technology, automotive service technology, diesel heavy truck technology, and motorsports technology as early as this fall. Many of these programs are eligible for the Workforce Ready Grant. Individuals can earn salaries up to $76,000, according to indeed.com.A full list of programs and courses is available here.
Winners of the 2022 Novogradac Journal of Tax Credits QLICI of the Year Awards were announced at the Novogradac Spring New Markets Tax Credit Conference in Washington, D.C.
Original source can be found here.
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