House and Senate Members Move to Make New Markets Tax Credit Permanent
Bipartisan NMTC extension legislation introduced in Hosue and Senate
Recent NMTC Projects – January 2019 Update
Below are a few NMTC projects closing or holding a ribbon cutting over the last few weeks. American SpiralWeld Pipe Breaks Gr…
Lawmakers, Community Development Leaders Gather in Washington, D.C. to Discuss Tax Policy Trends and Plans for 2019
Coalition gathers NMTC stakeholders for a policy conference, releases new state statistics. The New Markets Tax Credit (NMTC) Coalition held its Annual Conference on December 12 and 13 in The event f
New State Fact Sheets
We’ve updated portions of our NMTC state fact sheets. They now have data and maps on investments through September 30, 2018….
Helping Beyond Thanksgiving: Investing in the Revitalization of Low-Income Communities
Thanksgiving is a time to gather with friends and family, a time to reflect on our privileges and the past year’s accomplishm…
Thirty-four Members of the House Call for NMTC Extension During Lame Duck Session
Today, in a letter to the Ways and Means Committee, a bipartisan group of thirty-four members of the House of Representatives…
Let’s Ensure #InternetDay Keeps Getting People Connected
Post authored by NMTC Coalition Board Member Phil Glynn of Travois. Social media has given rise to many so-called “hashtag ho…
Stivers (R-OH) and Serrano (D-NY) Circulate Dear Colleague Calling for NMTC Permanence in 2018
Letter is open through November 9th. UPDATE: The deadline has been extended to November 16th. Congress may take up tax extend…
NMTC Brings Hundreds of Jobs to Barnwell, SC
On Monday, Swiss Krono, a producer of engineered wood, announced plans for a $200 million expansion in Barnwell, SC where the…
New Paper on Early Aughts Community Development Efforts in Baltimore
Spotlight on East Baltimore Development Initiative The Richmond Federal Reserve is out with a new paper on the community deve…
National Recovery Month: NMTC Financing Addiction Treatment in Under-Served Communities
September is National Recovery Month , which is sponsored by the Substance Abuse and Mental Health Services Administration (S…
Senator Thune (R-SD) Visits Youth & Family Services
This Tuesday, Senator John Thune (R-SD) visited Youth & Family Services (YFS) in Rapid City, SD, for an event celebrating…
The Rural Jobs Zone Act (H.R. 6627) Introduced
Thursday, two members of the Ways and Means Committee, Congressman Jason Smith (R-MO) and Terri Sewell (D-AL), introduced the…
Updated Target List for H.R. 1098 and S. 384
We’ve updated our target list for H.R. 1098 and S. 384….
Coalition Releases 2018 New Markets Tax Credit (NMTC) Progress Report
Report highlights NMTC project data from 2017, including 52 healthcare facilities, 69 manufacturers, 26 facilities for youth and families, and 23 vocational training centers(June 6, 2018) —The New Mar
The NMTC, Business Financing, and Entrepreneurship
The NMTC supports entrepreneurship and business growth
NMTC financed-infrastructure
We just launched a new landing page for NTMC-financed infrastructure projects. You can find it here: NMTC-financed Infrastruc…
Treasury’s CDFI Fund Announces 2017 NMTC Awards
The Department of the Treasury’s CDFI Fund announced $3.5 billion in New Markets Tax Credit allocation awards today supporting investment in low-income areas across the country.
Community Development Leaders Gathered in Washington, DC as Congress Decided Fate of NMTC in Tax Overhaul
NMTC Coalition Annual Conference attendees successfully pushed for the preservation of the largest federal incentive for investment in low-income communities
NMTC Preserved, Thank You to Congressional Supporters
Thank you to the following House and Senate Republicans who went on the record in support of the New Markets Tax Credit during the tax reform debate
New Markets Tax Credit Report Details Major Investment to America’s Struggling Rural and Urban Communities
Data shows the NMTC financed 5,000 projects created over one million jobs all while generating enough revenue to more than pay for its cost to the federal government
Twenty-Seven House Republicans Send NMTC/HTC Support Letter to Brady and Ryan
Late last week, Congressman Smucker (R-PA) took the lead on a letter urging Speaker Paul Ryan and Chairman Kevin Brady to pre…
Congressman Smucker (R-PA) Circulates NMTC/HTC Support Letter to Speaker Ryan and Chairman Brady
URGENT: Contact House Republicans and Urge Them to Sign the Smucker Letter Congressman Smucker (R-PA) is requesting signature…
New Treasury Data Analysis Confirms New Markets Tax Credit Generated Over One Million Jobs in America’s Most Distressed Rural and Urban Communities
Today, the New Markets Tax Credit (NMTC) Coalition provided an updated analysis of U.S. Department of Treasury data on the investment and creation of jobs in low-income communities nationwide. This da
Senate Finance Committee Tax Proposal Preserves NMTC
The Senate Finance Committee has released its tax plan. The bill, unlike the House bill, H.R. 1, does not repeal the New Markets Tax Credit.Statement from New Markets Tax Credit (NMTC) Coalition spoke
House Proposed NMTC Repeal Would Devastate America’s Most Distressed Communities
The House Ways and Means tax reform proposal released today by the majority demonstrates an appalling disregard for low-income rural and urban communities by repealing the federal New Markets Tax Cred
House Tax Proposal Documents
Supporting documents for the House Ways and Means tax proposal: WHAT OUR HISTORIC TAX REFORM MEANS FOR YOU AND YOUR FAMILY HO…
CDFI Fund Releases Updated NMTC Eligibility Data
Today, the CDFI Fund released updated census tract eligibility data for the NMTC program. The eligibility update utilizes dat…
Thousands of Organizations Urge Congress to Save NMTC in Tax Reform
More than 2,100 Businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit permanent in tax reform(Washington, D.C.) –Today, the New
Republican Tax Framework Leaves Economic Future of Distressed Communities in Uncertain Situation with Omission of the NMTC
The Republican leadership released its tax reform framework but failed to include the New Markets Tax Credit, a proven tool for community revitalization and job creation in some of the poorest neighbo
Helping Meet Housing Needs After Katrina
After Katrina and Rita, the New Markets Tax Credit (NMTC) served an important role in rebuilding community facilities includi…
Independent Report Finds NMTC Program Meets, Exceeds Program Objectives
In-depth analysis of the New Markets Tax Credit finds projects sampled are in full compliance, with most projects far exceeding requirements for economic distress and CDFI Fund mandates– The NMTC Coal
New Markets Tax Credit Jumpstarting Rural Manufacturing
The most popular use of the NMTC in rural America is to support the manufacturing sector. NMTC financing typically goes to bu…
Rep. Tim Ryan (Ohio) on public private partnerships
“The reality for those of us on the ground who are doing economic development and trying to grow jobs in areas that are pretty tough areas to get investment to come into, it’s a balance of both. It’s a public-private partnership. There’s a port authority involved. But you may need some historic tax credits. You […]
New Markets Tax Credit is a Big Deal for Strained Rural American Communities
New Markets Tax Credit Coalition Report Highlights Data on NMTC Impact on Jobs and Investment in Rural CommunitiesJULY 25,2017––The New Markets Tax Credit (NMTC) Coalition, representing 150 finance an
NMTC Coalition Submits Testimony to Senate Finance Committee
Last month, Senate Finance Committee Chairman Orrin Hatch (R-UT) called for public comments on tax reform . Yesterday, the Co…