The America Jobs Plan (AJP) invests $2.3 trillion in critical physical and social infrastructure. The Biden Administration has committed to passing a plan that leaves no community behind – from remote rural areas without broadband to communities of color split apart by previous infrastructure spending. The AJP envisions several promising new programs and initiatives for financing housing, invigorating our clean energy economy, and replacing our electric grid, among other ideas. Many of the goals and priorities in the plan align well with existing federal initiatives – in particular, the New Markets Tax Credit (NMTC).
The following outlines many of the areas where the NMTC aligns with the AJP: childcare, capital access for domestic manufacturing, veterans services, workforce development, business incubation, schools, transportation and ports, broadband, clean water, and transit-oriented development. We provide aggregate NMTC investment data (2001-2020) and case studies.