Last Updated February 20, 2018
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The state of America’s crumbling infrastructure is well-documented. The problem is much worse in distressed communities that lack the tax base to improve roads, expand high-speed broadband, or provide students with a quality education. Without those building blocks of economic growth, the prospects of attracting new businesses are dim.
While the NMTC was not designed to fix infrastructure, its flexibility provides mayors with a variety of options to finance projects that rebuild or improve public infrastructure. Of the more than 5,000 NMTC projects to date, the NMTC Coalition has identified more than 500 projects (10 percent) that involve the direct financing of infrastructure, including:
- 397 new or rehabilitated schools
- 92 transportation, freight, parking, or public transit projects
- 31 public waste management or recycling facilities
- 8 projects rebuilding or enhancing port facilities
- 6 waterwater treatment projects
- 5 rural broadband expansions
Indirect infrastructure financing
Because many NMTC projects are enormous, multi-faceted redevelopment efforts, it is difficult to pinpoint the exact dollar figure that supports infrastructure. About half of NMTC projects include Community Benefits Agreements, and these agreements often require NMTC-financed businesses to support street-scape improvements, road and utility investments, and other secondary infrastructure spending.
Other than direct financing, another way the NMTC indirectly supports infrastructure is by building and stabilizing the tax base for cash-strapped municipalities. As the NMTC Coalition has documented, the program generates hundreds of millions in state and local tax revenue each year. Cities, counties, and towns can put this new revenue back into schools, roads, and other improvements.
Stories
Below find a collection of infrastructure stories. We plan to update this page regularly, so please send your stories to paul@rapoza.org.
New or Rehabilitated Schools
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Port and Freight Projects
Light Rail
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Wastewater Treatment
Laguna Water and Wastewater Infrastructure Project
Lake Point Reclamation
2015
San Fernando, CA | 29th District
2022
Clifton, CO | 3rd District
2012
Alpena, SD | At-Large District
2006
Denver, CO | 8th District
2017
Hyattsville, MD | 4th District
2006
Norfolk, VA | 3rd District
2018
Las Vegas, NV | 4th District
2013
Cleveland, OH | 11th District
2016
Cleveland, OH | 11th District
2018
Fort Worth, TX | 33 District
2017
Austin, TX | 35th District
2018
Cincinnati, OH | 1st District
2017
Memphis, TN | 9th District
2013
Cincinnati, OH | 1st District
2021
Indianapolis, IN | 7th District
2016
Boston, MA | 7th District
2010
Worcester, MA | 2nd District
2010
Athens, OH | 12th District
2009
Magna, UT | 2nd District
2011
Lawrence, MA | 7th District