Coalition makes case for continuing New Markets Tax Credit program

Write-up in the Des Moines Business Record:

A national coalition of community development organizations and financial institutions is hopeful that new figures released today will help persuade Congress to renew the New Markets Tax Credit (NMTC) program.

According to the coalition, the federal program has spurred redevelopment in low-income neighborhoods that has helped to create more than 500,000 jobs nationally and generated more than $8 billion in new federal and state tax revenues between 2003 and 2010.

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