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Submit a case study

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Use this form to submit a NMTC case study from the 2011 calendar year. Your submission could appear in the 2012 NMTC Progress Report. If you have any problems submitting the form, contact Paul Anderson directly. To see some examples of past case studies, see pages 19-22 of last year's Progress Report. [contact-form-7 id="1249" title="Contact form 1"]
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Response to recent Forbes article

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By Bob Rapoza In Doug Guthrie’s recent Forbes column on the LITHTC, For the 21st Century, a Network of Beneficial Philanthropy and Corporate Citizenship he mentions in passing that the New Markets Tax Credit (NMTC) has “failed to stimulate growth in the areas [it] have targeted.” Those conclusions are at odds with the facts. Since 2003, New Markets has attracted over $30 billion in private investment in low-income businesses and created over 300,000 jobs nationwide. In 2010 alone, NMTC financing created some 70,000 jobs in some of the most economically distressed communities in the country. We would hardly call that a failure. The credit leverages $12 in private sector funding for every dollar in lost federal tax revenue (a great deal for taxpayers) and it was named one of the…
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About the Credit

About the Credit

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ABOUT THE PROGRAM The New Markets Tax Credit program (NMTC) is a cost-effective way to create jobs and drive investment in communities with high rates of poverty and unemployment. Enacted in 2000, the program uses federal tax credits equaling 39 percent of the investment allocated over a seven-year period. These investments are made to spur community and economic revitalization. The NMTC statute requires that investments be located in census tracts where the individual poverty rate is at least 20 percent or where median family income does not exceed 80 percent of the area median. Today, $45 billion of capital is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. POSITIVE COMMUNITY IMPACT All NMTC investments target economically-challenged communities. The NMTC program has…
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Broad Support for the New Markets Tax Credit

Broad Support for the New Markets Tax Credit

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In 2012 during the successful New Markets Tax Credit extension campaign, over one thousand businesses, coalitions, nonprofits, developers, financial institutions, local governments, and other stakeholders joined together to tell Congress one thing: extend the New Markets Tax Credit! Below you will find our present and previous sign-on letters in support of an extension of the NMTC. Download Recent Letters: 2012 NMTC Extension Sign-on Letter***New***  2011 NMTC Extension Sign-on Letter  2011 Broad Extender Letter 2011 Business Sign-on Letter in Support of NMTC Text of the 2012 Extension Sign-On Letter: Dear Members of Congress: We write to urge your support for the renewal of the popular New Markets Tax Credit (NMTC).  New Markets was established in 2000 by a bipartisan coalition of lawmakers.  Over the last decade, the Credit has served as…
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Sign on to NMTC Business Support Letter

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As of today, 203  businesses, representing 44 states and DC, have signed the Coalition’s letter urging Congress to support the New Markets Extension Act of 2011. While this is a good start we know that well over 3,000 businesses have benefitted from NMTC financing and the Coalition needs your help in getting these businesses to support the NMTC by signing the Coalition’s letter to Congress. The deadline for signing the letter has been extended to Friday, July 29 in hopes of getting additional businesses added. The letter is still missing businesses from the following states: Arkansas – Delaware – Indiana – Nevada - Rhode Island - South Dakota. Signing a business onto the letter is easy. Simply direct your business supporters to the link below where they can view the…
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