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About the Coalition

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The New Markets Tax Credit (NMTC) Coalition is a national membership organization founded in 1998 to advocate on behalf of the NMTC program. The Coalition, which now includes more than 150 members, is managed by Rapoza Associates, a public interest lobbying, policy analysis and government relations firm located in Washington, DC that specializes in providing comprehensive legislative and support services to community development organizations, associations and public agencies. The Coalition serves its members in the following capacities: Worked with the Clinton Administration to design the Credit and lobbied Congress for its enactment; Collaborated with the Bush Administration to launch the program including the original rules, regulations and application; Build bipartisan Congressional support for the Credit as an efficient market-based incentive for community revitalization; Lobbied successfully for four extensions of NMTC…
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Brockton Neighborhood Health Center

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Learn about Reznick Reznick Group's role in the NMTC financing of this low-income community health center. In addition to serving the healthcare needs of Brockton, Mass. residents, it is also the largest employer in the city. This video was created by the Reznick Group. Find them on the web at www.reznickgroup.com.
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The Top Ten Things You Should Know about the New Markets Tax Credit

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Between 2003 and 2012, investments in NMTC businesses totaled $63 billion, of which 50% was generated from sources other than NMTC direct investments; Between 2003 and 2012, NMTC investments generated 750,000 jobs; Between 2003 and 2012, NMTC investments generated over 120 million square feet of manufacturing, retail, and community space in low income communities; Between 2003 and 2012, the NMTC cost the federal government about $8 billion in lost revenue to generate $63 billion in investment in NMTC businesses - a leverage of approximately 8 to 1; 100 percent of all NMTC investments were made in low income communities with poverty rates of at least 20% or median incomes at or below 80% of the area median; Over 72 percent of all NMTC investments were made in communities with severe…
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Written Testimony for Select Revenue Hearing on Tax Extenders

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On April 26, 2012, the House Select Revenue Subcommittee held a members hearing on the tax extenders. As we reported earlier, several members of Congress expressed their support for the New Markets Tax Credit. [Video] The New Markets Tax Credit Coalition, along with several members of the Coalition, submitted written testimony to the committee. Below, find copies of testimony from: New Markets Tax Credit Coalition Coastal Enterprises, Inc Community Reinvestment Fund Local Initiatives Support Coalition National Development Council
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Highlights from Select Revenue Hearing on Tax Extenders

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Reps. Pat Tiberi (R-OH), Jim Gerlach (R-PA), Erik Paulsen (R-MN), Richard Neal (D-MA), Jim Costa (D-CA), and John Larson (D-CT) urged extension of the New Markets Tax Credit At the behest of Reps. Pat Tiberi (R-OH) and Richard Neal (D-MA), the House Select Revenue Subcommittee of Ways and Means held a Members hearing on Thursday, April 26, 2012 to review dozens of tax provisinos that either expired last year or expire this year. The hearing provided a formal opportunity for the Subcommittee to hear from House colleagues about the merits of extending - or not extending - many of the tax extenders. The Senate Finance Committee held a similar hearing in February. Six members of the Ways and Means Committee - including three Republicans and three Democrats - were effusive…
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NMTC supports innovative manufacturing project in Tallahassee, FL

Latest News, NMTC Success Stories
The New Markets Tax Credit continues to serve as an effective tool to create manufacturing jobs. Last year, thanks to $12.5 million in New Markets Tax Credit financing from the Florida Community Loan Fund, construction began on SolarSink, LLC's innovative new manufacturing facility: SolarSink, LLC will produce heatsink technology and create a solar array on a 5-acre site, utilizing innovative technology developed in conjuction with Florida State University. This technology allows solar energy to be efficiently converted to electricity, ad power produced will be used in the manufacturing facility, other local businesses, and sold to the municipality's power grid. This project is in a highly distressed census tract with 49% poverty rate and will provide 137 temporary and 55 permanent jobs. Read more about the project at the Florida Community Loan…
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Camp and Tiberi plan review of tax extenders in April

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Reps. Tiberi (R-OH) and Camp (R-MI) plan to hold a hearing to review individual tax extenders (including the New Markets Tax Credit) in April. The Hill has a story, and you can read their release below: Camp, Tiberi: Review of “Extenders” to Start in April Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Select Revenue Measures Subcommittee Chairman Pat Tiberi (R-OH) issued the following statement: “Far too many provisions in the tax code are temporary, making it hard for employers to plan, invest and create new jobs for American families. That is one reason why we are committed to comprehensive tax reform. An important part of comprehensive reform is to conduct a thorough review of the various targeted provisions in the Code commonly referred to…
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NMTC Morning Update – Senate Colloquy on the Tax Extenders

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Yesterday, Senators Reid (D-NV), McConnell (R-KY), and Baucus (D-MT) engaged in a colloquy on the Senate floor where they expressed their support for action on the tax extenders. Senator Hatch (R-UT) also asked for written comments to be appended to the record. The friendly exchange followed a rare moment of bipartisan comity with the passage of the surface transportation bill (S. 1813) by a substantial margin of 74-22. On Tuesday, tax extender provisions were included in several amendments to the bill, but those amendments were ultimately voted down. Read the entire exchange.
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