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The New Markets Tax Credit in Rural America

Revitalizing Rural America (2003-2014)

The CDFI Fund targets 20 percent of NMTC allocation awards to non-metropolitan counties. Thus, the impact in rural America is significant. Between 2003 and 2014:

  • 817 businesses, community facilities, and other important revitalization projects financed.
  • $6.15 billion in NMTC allocation generated $11.6 billion in total project costs.
  • NMTC projects generated 49,940 full-time jobs and 21,706 construction jobs.

Below are a few stories of how small towns and farming communities put NMTC capital to work through manufacturing expansions, timber and forestry projects, hospitals, and community facilities.

More Rural Projects

2022

Glasgow, KY | 2nd District

NMTC financing supported facility upgrades of Nemak’s Kentucky electric vehicle manufacturing plant….
2010

Athens, OH | 12th District

Solar energy provider, SolarVision, LLC, is making it possible for schools, municipalities and businesses to take advantage of the…
2020
https://www.youtube.com/watch?v=9UKqTS1i__c

Aleutians, AK | At-Large District

GCI Communication Corp, an Alaska telecommunications company, will extend its broadband network to the Aleutian Island Chain to provide…