New Markets Tax Credits (NMTC) enabled Sherwood Forest, a youth development organization serving young people from economically distressed families and communities in the St. Louis metropolitan region, to expand our resident camp facilities located in Reynolds County, Missouri. This facility expansion allows Sherwood Forest to serve more children during the summer and in the school year. Construction took place in an economically distressed rural area of the State of Missouri. Without NMTC, the scope of this project would have been greatly reduced. The positive impact to those we serve from St. Louis and to our community in rural Missouri will be felt for a long time to come. I strongly encourage the bi-partisan support for the renewal of the New Markets Tax Credit Extension Act (H.R. 1680 and S. 750) so that other communities will benefit in years to come.
Push for Permanence, Expansion Key Objectives of Annual Gathering