Testimonials

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We asked organizations to tell us why the NMTC is important to their organization or community. Below is a sampling.

Why is the New Markets Tax Credit Important to Your Community?

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“With 50 years of experience in the business, combined with a new generation, we feel ready to tackle any challenge and are excited to explore all the new possibilities of this beautiful industry. Investing in our team and their creativity is truly what allows us to be so successful.”

-Reza Momeni, President of Momeni, Inc.

Have you noticed a lot of construction around town? Tax incentives like the New Markets Tax Credit spur development in new areas. Pro-growth tax policy has a powerful, positive effect on our communities.

It was great learning from Messer Construction in Cincinnati about their projects and priorities throughout the nation.

-Congressman Brad Wenstrup

Residents of Hobson Place will throw off the daily stress of wondering how they’re going to survive on the streets and begin to open a new chapter in their lives and be able to rejoin the life of the community.”

-Daniel Malone, Executive Director, Downtown Emergency Services Center, Seattle, Washington

Precision Opinion is a good example of what we aimed to achieve with the Nevada New Markets Jobs Act program—facilitating private investment capital into businesses in distress communities, in particular those companies that can create and maintain good, quality jobs to benefit Nevada families. Companies like Precision Opinion are a testament to the positive impact of targeted incentive programs, and we must make sure Nevada businesses like it have what they need to continue to expand and build up local economies in our state. Especially right now as we work through the COVID-19 pandemic.”

-Assemblywoman Dina Neal, Las Vegas, Nevada

NMTCs help bridge gaps in the financing of needed job creation and community services projects for the people of Miami-Dade County

-Eric Strickland, Opa-locka Community Development Corporation, Opa-locka, Florida

This investment is great news for a number of reasons. First, I love to see a company so actively involved in championing an effort to bring diversity to the tech industry. This is a much-needed service to help underserved communities break into an excellent field. Secondly, we just renewed the Nevada New Markets Jobs Act last year, which has been very successful in supporting and growing businesses like All-In Recruiting in distressed communities. It’s great to see the federal program working to do the same, bringing additional capital to our state.

-Assemblywoman Dina Neal, Las Vegas, Nevada