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 now includes more than 150 members.
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.
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 […]
2017: NMTC Coalition Testimony – 7-17-2017 2016: Statement of the NMTC Coalition – Subcommittee on Tax Policy, May 23, 2016 2012: Select Revenue Testimony, April 26, 2012: 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 […]
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, […]
In Cedar Rapids, Iowa, the New Markets Tax Credit helped finance a new dental clinic at His Hands Free Medical Clinic.
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 […]
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 […]
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 […]