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 […]

New Report: NMTC: At Work in Communities Across America

New Report: NMTC: At Work in Communities Across America

Today, the NMTC Coalition is excited to release a new report showcasing NMTC success stories from every state and the District of Columbia. These profiles from each state show the flexibility of the NMTC and demonstrate its ability to drive and leverage capital in investment-starved communities, creating economic opportunities and jobs in our country’s poorest […]

NMTC: Improving Healthcare Access for Vulnerable Communities

Because of a dearth of available capital, residents of low-income communities often lack adequate access to state of the art healthcare facilities that more affluent communities take for granted. Income is strongly linked to health outcomes, so the need is greater in high-poverty neighborhoods. In high poverty urban areas, safety-net hospitals, which a significant level […]

NMTC Coalition Guidance on State NMTC Programs

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 the principal advocate and lobby for the federal NMTC. Enactment of NMTC at the federal level spurred a number of states to […]

Lake Mead Christian Academy Project Part of a Surge in NMTC Activity in Nevada

Earlier this month, Clearinghouse CDFI and Lake Mead Christian Academy celebrated the groundbreaking of their new Henderson, NV facility. Clearinghouse CDFI provided long-term financing for the school, that provides infant day-care services and schooling for grades K-12. The Lake Mead project is part of a recent surge in NMTC activity in Nevada, a state that – until […]

NMTC Helps Dessert Manufacturer Create 80 Jobs in Greenville

NMTC Helps Dessert Manufacturer Create 80 Jobs in Greenville

Greenville New Markets Opportunity II, a community development entity managed by the Tax Advantage Group and the Greenville Local Development Corporation, has invested a $10 million New Markets Tax Credit allocation in Sweet Street Desserts Inc. in Greenville, SC. The Reading, Pa.-based gourmet dessert company is expanding in the old Sara Lee Building and plans […]