Thousands of Organizations Urge Congress to Save NMTC in Tax Reform

More than 2,100 Businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit permanent in tax reform (Washington, D.C.) –Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to the House Ways and Means Committee and its Chairman, Kevin Brady (R-TX), as well as […]

Republican Tax Framework Leaves Economic Future of Distressed Communities in Uncertain Situation with Omission of the NMTC

The Republican leadership released its tax reform framework but failed to include the New Markets Tax Credit, a proven tool for community revitalization and job creation in some of the poorest neighborhoods and communities in America Washington, D.C. –The NMTC Coalition was disappointed that the Republican Tax Framework released by Republican leadership left out the […]

New Markets Tax Credit is a Big Deal for Strained Rural American Communities

New Markets Tax Credit Coalition Report Highlights Data on NMTC Impact on Jobs and Investment in Rural Communities JULY 25,2017–WASHINGTON, D.C. –The New Markets Tax Credit (NMTC) Coalition, representing 150 finance and community development experts and practitioners nationwide, released a report today detailing an unprecedented level of private investment in rural communities around the United […]

U.S. Sen. Steven Daines Sees the NMTC at Work during Tour of New Universal Athletic Headquarters in Bozeman

U.S. Sen. Steven Daines Sees the NMTC at Work during Tour of New Universal Athletic Headquarters in Bozeman

BOZEMAN, Mont. – U.S. Senator Steven Daines toured the new corporate headquarters of Universal Athletic Services on Monday. Senator Daines was also joined by Bozeman Mayor Carson Taylor and Bozeman Director of Economic Development Brit Fontenot for a press conference following the tour that was hosted by Universal Athletic Services and Montana & Idaho Community […]

Dakotas America Hosts Rural Finance Gathering

Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Federal policy has increasing relied on private-sector resources to fill the gap. Through the NMTC and CDFI programs, community development organizations are filling the yawning credit gap encountered in many communities, creating jobs improving […]

New Markets Tax Credit Briefing Highlights Credit’s Success in Rural and Urban Communities

FOR IMMEDIATE RELEASE March 23, 2017 Contact: Ayrianne Parks ayrianne@rapoza.org (202) 393-5225 NMTC Practitioners Present on NMTC Projects that Leverage Private Investment in Economically Distressed Communities, Expand Businesses and Create Jobs Washington, D.C. –The NMTC Coalition hosted a briefing on Capitol Hill yesterday to share information on the impact of the New Markets Tax Credit (NMTC) […]

House and Senate Members Move to Make New Markets Tax Credit Permanent

House and Senate Members Move to Make New Markets Tax Credit Permanent

Bipartisan Call to Make Federal Tax Credit Permanent that Leverages Private Investment in Economically Distressed Communities, Expands Businesses and Creates Jobs Washington, D.C. –Legislation was introduced in the House and Senate to secure the future of the New Markets Tax Credit (NMTC). Congressman Pat Tiberi (R-OH) and two colleagues on the House Ways and Means […]

Some 2,000 Businesses, Banks and Nonprofits Call for New Markets Permanency

Businesses, investors and organizations sign letter urging Congress to make the community and economic development tax credit permanent  Washington, D.C. –Today some 2,000 groups that have seen the New Markets Tax Credit at work in their communities sent a letter to Congress, calling on it to enact legislation that provides a permanent authorization and expansion […]

Treasury Announces Record $7 billion in NMTC Award

 Historic New Markets Tax Credit round will drive private-sector investment to communities left behind, growing businesses and creating jobs where they are needed most WASHINGTON, D.C. – The U.S. Department of the Treasury Secretary Jack Lew announced the Calendar Year 2015 and 2016 New Markets Tax Credit (NMTC) allocation awards today at Educare DC, an […]

Community Development Leaders Gather in Washington, DC to Discuss Tax Policy Trends and Plans for 2017

NMTC Coalition brings together over 100 NMTC stakeholders for a policy conference and releases new report on the economic impact of the NMTC in 2015 On Wednesday, June 1st, the New Markets Tax Credit (NMTC) Coalition  held its New Markets Tax Credit Annual Policy Conference. The event featured the release of the new 2016 NMTC […]