Senator Blunt’s Statement on National Small Business Week

“There is more we ought to be doing. One thing we could have that a lot of small businesses could really benefit from is the New Markets Tax Credit Program. This is a program that was first authorized in 2000. It encourages investment in high-poverty areas or in low-income areas. Again, in Missouri, 42,000 new jobs have been created as a result of the New Markets Tax Credit Program. The other day, I went to the first new supermarket since 1968 in North St. Louis. This new supermarket opened because it was able to use the New Markets Tax Credit Program. It is a program we clearly need to extend. Once again, I and Senator Cardin, from Maryland, introduced that legislation, and we hope that can happen.”
Senator Roy Blunt, May 8, 2019, on the Senate Floor