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.
Childcare
NMTC Track Record
420 Projects
5 billion
Manufacturing
NMTC Track Record
1,543 Projects
13 billion
Water
NMTC Track Record
31 Projects
1.1 billion
Workforce Development
NMTC Track Record
397 Projects
8 billion
Business Incubators
NMTC Track Record
143 Projects
4 billion
Veterans Services
NMTC Track Record
25 Projects
443 million
Broadband
NMTC Track Record
9 Projects
400 million
Schools
NMTC Track Record
441 Projects
7 billion
Transportation & Ports
NMTC Track Record
92 Projects
1.4 billion
Robert Wood Johnson Fitness and Wellness Center
Transformation of an underutilized downtown New Brunswick site into a major transit-oriented, mixed-use facility focused on community health.
First National Center
A multi-phase project to redevelop the 1931 Art Deco Center Building, the 1957 Center Building, and the 1972 East Building into a 145 room hotel, more than 180 apartments, restaurants and 35,000 sq. ft. of lease and event space.