Greenville-headquartered TD Bank announced that its TD Community Development Corporation has allocated more than $5.5 million in New Markets Tax Credits to assist in the construction and opening of the International African American Museum in Charleston, South Carolina.
The tax credits will be used to fabricate the space to house the museum’s exhibitions, create interactive educational galleries on African American history and add 186 new jobs with benefits in the Charleston community as well as fellowship, apprenticeship and wage-progression programs.
“TD is proud to invest in the International African American Museum, which will provide visitors an unprecedented view into African American history,” said Will Richter, TDCDC’s vice president and compliance director. “The museum will extend vital access to educational resources for students and families in the region to learn more about the African American experience. We are honored to support the museum and its long-term investment in the Charleston community.”
Slated to open in 2021, the IAMM will be a $96 million state-of-the-art interactive museum featuring exhibits to show Charleston’s role in the international slave trade and connect visitors to the past by demonstrating how enslaved as well as freed African Americans shaped the cultural, economic and political development of the nation.
The museum also will include a Center for Family History, which is expected to open in 2022 and will allow visitors and researchers to increase their understanding of their families’ history and role in shaping American history by utilizing cutting-edge resources, including a variety of records and databases.