NMTC News Roundup for June 14th 2017
Recent news stories on the New Markets Tax Credit
NMTC Supporting Culinary Entrepreneurs
The NMTC supporting culinary entrepreneurs by financing kitchen incubators
CDFI Fund Seeking NMTC Application Reviewers
CDFI Fund seeking application reviewers. Deadline June 14th.
Coalition Releases 2017 New Markets Tax Credit (NMTC) Progress Report
Report highlights NMTC project data from 2016, including 28 healthcare facilities, 26 manufacturers, 15 schools, 14 facilities for youth and families, and 11 incubators
U.S. Sen. Steven Daines Sees the NMTC at Work during Tour of New Universal Athletic Headquarters in Bozeman
U.S. Senator Steven Daines toured the new corporate headquarters of Universal Athletic Services on Monday. Senator Daines was also joined by Bozeman Mayor Carson Taylor and Bozeman Director of Economi
Dakotas America Hosts Rural Finance Gathering
Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Fed…
Recent NMTC projects in Akron, OH and Bellows Falls, VT
Chroma Technology, Bellows Falls, VT: The growth of Chroma Technology, a leading manufacturer of optical filters and related…
New Markets Tax Credit Briefing Highlights Credit’s Success in Rural and Urban Communities
NMTC Practitioners Present on NMTC Projects that Leverage Private Investment in Economically Distressed Communities, Expand Businesses and Create Jobs –The NMTC Coalition hosted a briefing on Cap
New Markets Tax Credit Talking Points
The Coalition has internally compiled a list of arguments and talking points in favor of the NMTC, and we figured we’d share…
NMTC Congressional Briefing
Members of Congress and Congressional Staff: Please join the NMTC Coalition for a Congressional Briefing: “New Markets Tax Cr…
House and Senate Members Move to Make New Markets Tax Credit Permanent
Bipartisan Call to Make Federal Tax Credit Permanent that Leverages Private Investment in Economically Distressed Communities…
Some 2,000 Businesses, Banks and Nonprofits Call for New Markets Permanency
Businesses, investors and organizations sign letter urging Congress to make the community and economic development tax credit…
Updated Target Lists
The Coalition urges supporters of the NMTC to reach out to their members of Congress and urge them to make the NMTC a permane…
Several Senators Ask Treasury Secretary Nominee Mnuchin About the NMTC
As is customary, members of the Senate Finance Committee submitted written questions to Treasury Secretary Steven Mnuchin fol…
Super Round Analysis: Where is the Allocation Targeted?
Last month, the CDFI Fund awarded $7 billion in NMTC allocation . Where will that allocation be deployed? We have a decent id…
New Report: NMTC: At Work in Communities Across America
Today, the NMTC Coalition is excited to release a new report showcasing NMTC success stories from every state and the Distric…
Treasury Announces Record $7 billion in NMTC Award
Historic New Markets Tax Credit round will drive private-sector investment to communities left behind, growing businesses and creating jobs where they are needed most– The U.S. Department of the
NMTC: Improving Healthcare Access for Vulnerable Communities
Jennifer Smith, a registered nurse at NMTC-financed Kootenai Medical Center in Coeur D’Alene, ID takes blood samples from a p…
New Census Report on 2015 Poverty and Income Highlights the Urban/Rural Divide
Today, the US Census Bureau released their annual report on poverty and income . Economists predicted an increase of 1 t…
Treasury Secretary visits New Markets Tax Credit Financed Grocer in Minneapolis
The project created jobs and expanded access to fresh food in a Minneapolis food desert U.S. Department of the Treasury Secre…
Sen. Roberts visits Children’s Campus of KC to discuss strategies that help close the achievement gap
Local health and education center highlights importance of high-quality facilities to the success of at-risk children KANSAS…
Both Parties Embrace the NMTC for Rural Areas
Democratic Platform Supports the NMTC In Philadelphia, the site of the DNC, the NMTC transformed a former textile mill and wa…
Rep. Lynn Jenkins (R-KS) visits Kansas City Tech Start-up Payit
Rep. Lynn Jenkins (R-KS) visits NMTC-financed Payit On June 29, 2016, U.S. Rep. Lynn Jenkins (KS-02), the fifth-highest-ranki…
Treasury Secretary Lew and Congressman Xavier Becerra Visit L.A. Prep Incubator
UPDATE, 5/23/2019: L.A. Prep has changed names to Amped Kitchens. Same owners, same great team, and two new locations! Last m…
Community Development Leaders Gather in Washington, DC to Discuss Tax Policy Trends and Plans for 2017
NMTC Coalition brings together over 100 NMTC stakeholders for a policy conference and releases new report on the economic impact of the NMTC in 2015On Wednesday, June 1st, the
NMTC Coalition Guidance on State NMTC Programs
The New Markets Tax Credit (NMTC) Coalition is a national membership organization founded…
Chorus of Congressional Leaders Urges Permanency for Community Development Tax Credit
Coalition submits testimony to Tax Policy Subcommittee, following a bipartisan letter signed by 55 Members of Congress. Today (May 23, 2016), the New Markets Tax Cred
NMTC Partnership Achieving Community Goals With Sibley
Rendering by Winn Development What do you do with one million square feet of underutilized and vacant department store in you…
Governor Nathan Deal and Congressman Rick Allen Attend Premium Peanut Ribbon Cutting
The largest peanut shelling plant in the United States is officially open for business. Premium Peanut, located on Barrington…
CDFI Fund to Award $7 Billion in NMTC Allocation in 2016
The PATH Act, which was enacted in December, 2015, extended the NMTC for five years from 2015 to 2019 at $3.5 billion in annu…
Senator Crapo Visits NMTC-Financed Hemming Cedars
Today, Senator Mike Crapo visited the future site of Hemming Cedars, a mixed use building in Rexburg. The facility is a New M…
Thousands Call On Congress to Keep New Markets Tax Credit
Over 1,200 businesses, investors, nonprofit organizations and community leaders sent a letter to Capitol…
Rivera Beach Marina Village Promises to Transform the Distressed Waterfront
Yesterday in Riviera Beach, FL, they cut the ribbon on the new Riviera beach Marina Village. Hundreds showed up Thursday afte…
Selected Community Development Tax Changes – FY 2017
President Obama Once Again Joins Leaders in Both Parties Urging Permanent Expanded NMTC
Quick update on the President’s FY 2017 Budget.The Treasury’s Greenbook – which describes revenue proposals – has not yet been released, but the budget narrative includes the following language c
Redevelopment That is More Than Just Building Up
A special contribution by NMTC Coalition Board Member, Shirley Boubert. The holiday season is a time when our nation reflects…