Our new report, The New Markets Tax Credit: At Work in Communities Across America, features ninety-two NMTC success stories from all fifty states plus the District of Columbia.

The New Markets Tax Credit (NMTC) was originally authorized in 2000 as part of a bipartisan collaboration between President Clinton and Speaker Hastert (R-IL). The idea behind the NMTC is that there are good business opportunities in urban and rural low-income communities, but the cost and availability of capital in these ‘New Markets’ is an impediment to economic growth. NMTC employs a modest federal subsidy to stimulate private sector investment in these communities through a delivery system of private for-profit and nonprofit entities that provides patient, flexible capital to businesses and projects.

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The NMTC Coalition recently released the NMTC Economic Impact Study (December, 2012). Our findings show that the NMTC has created 500,000 jobs and generated a significant return to the federal government in terms of tax revenue generated.

Browse our video vault, featuring case studies, Congressional testimony, hearings, and events.