TMA Development Corporation will deploy its NMTC allocation to specific segments of the bioscience industry as its primary target sector for economic development. The NMTC Allocation will be used to provide loans and equity capital investments to close financing gaps on select educational and research facilities, office and labs, charter schools, and ancillary developments in severely distressed communities within the Memphis Metropolitan Statistical Area. The increased investments will stimulate new business enterprises, increased job growth, and improved employment/income prospects for area residents.