Recent Blog Posts
- Now Hiring – NTMC Helps New Company at Former Naval Air Base Hire 50 New Skilled Workers May 2, 2013
- New Markets Tax Credit Announcement Hailed Across the Country May 1, 2013
- Save the Date: Capitol Hill Briefing on the New Markets Tax Credit May 1, 2013
- CDFI Fund Announces Tenth Round of NMTC Allocation Awards April 24, 2013
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About the NMTC
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.