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Impact Investing
Phillis Wheatley Community School, New Orleans, LA

In a neighborhood where almost 90% of children qualify for free and reduced-price lunches, Goldman Sachs committed $9.7 million as part of the New Markets Tax Credit program to finance the leasing of property and construction of the Phillis Wheatley Community School.

The state-of-the-art facility provides education for hundreds of students from pre-K through the 8th grade, as well as publicly accessible community spaces, including a gymnasium and black box theater.

The Wheatley school is occupied by FirstLine Schools, an open-enrollment public charter school, dedicated to preparing students for college and developing the skills of their staff. The school created almost 500 construction and permanent jobs to a community with an unemployment rate that is 2x the national average.