Recent NMTC Projects – January 2019 Update

Recent NMTC Projects – January 2019 Update

Below are a few NMTC projects closing or holding a ribbon cutting over the last few weeks. The HWH Group, a full-service engineering, construction and consulting firm that provides finance, community development opportunities, site selection and a specialized New Markets Tax Credit incentives group, announced that American SpiralWeld Pipe Company is breaking ground on a […]

New State Fact Sheets

We’ve updated portions of our NMTC state fact sheets. They now have data and maps on investments through September 30, 2018. The jobs data still only goes through 2015, using data from our most recent Economic Impact report (December 2017). Each state page (click the map below) also includes videos and written profiles of NMTC […]

Thirty-four Members of the House Call for NMTC Extension During Lame Duck Session

Today, in a letter to the Ways and Means Committee, a bipartisan group of thirty-four members of the House of Representatives called for a New Markets Tax Credit extension during the Lame Duck session. The off-committee letter, which was lead by Representatives Steve Stivers (R-OH) and Jose Serrano (D-NY), calls for a permanent extension of […]

Stivers (R-OH) and Serrano (D-NY) Circulate Dear Colleague Calling for NMTC Permanence in 2018

Stivers (R-OH) and Serrano (D-NY) Circulate Dear Colleague Calling for NMTC Permanence in 2018

Letter is open through November 9th. UPDATE: The deadline has been extended to November 16th. Congress may take up tax extenders during the Lame Duck session after the election, and an NMTC extension may be in play. To help build momentum for an extension, this afternoon two of our Congressional champions – Congressmen Steve Stivers […]

New Paper on Early Aughts Community Development Efforts in Baltimore

New Paper on Early Aughts Community Development Efforts in Baltimore

The Richmond Federal Reserve is out with a new paper on the community development efforts in East Baltimore in the early aughts. The paper looks at how East Baltimore’s revitalization was supported by cross-sector collaboration and the right tools – in this case, the NMTC, LIHTC, and workforce development grants. Excerpt: Community development investment in […]

Coalition Releases 2018 New Markets Tax Credit (NMTC) Progress Report

Coalition Releases 2018 New Markets Tax Credit (NMTC) Progress Report

Report highlights NMTC project data from 2017, including 52 healthcare facilities, 69 manufacturers, 26 facilities for youth and families, and 23 vocational training centers WASHINGTON, D.C. (June 6, 2018) —The New Markets Tax Credit Coalition today released its 2018 New Markets Tax Credit (NMTC) Progress Report, the fourteenth edition of the report—providing a survey of […]