Ways and Means Roundtable on NMTC and LIHTC
Rep. Pat Tiberi, a longtime supporter of the New Markets Tax Credit On Thursday, July 18th, the Bob Rapoza (representing the…
TAKE ACTION: Sign on to our New Markets Tax Credit support letter
We once again wish to stress to Congress the importance of the credit to thousands of businesses, state and local government…
Baucus/Camp Road Show Heads to Philly Where the NMTC has Made a Significant Impact
Senator Baucus and Representative Camp have announced their tax reform “road show” is rolling on to Philadelphia. During thei…
TAKE ACTION: Contact Your Senators Today!
Tell Your Senators to recommend a permanent extension of the New Markets Tax Credit as part of their comments to Senators Bau…
The Road to Economic Recovery
Op-Ed by José Villalobos, The Hill, – 07/19/13 10:00 AM ET Last week, Senate Finance Committee Chairman Max Baucus (D-Mont.)…
New State Fact Sheets Available
The NMTC Coalition has released new state fact sheets based on the CDFI Fund’s 2003-2011 data released last month. The Fact S…
Tax Reform Road Trip Makes Pit Stop at New Markets Tax Credit-Financed Business
Chairmen Baucus and Camp Talk Tax Reform at the Baldinger Bakery in St. Paul, Minnesota – This morning, the chairmen of the U.S. Senate and House tax-writing committees, Senator Max Baucus (D-Mon
St. Paul bakery is an example for tax incentive success
Reform should take note of incentives that strengthen distressed areas. Op-Ed by Frank Altman, President and CEO of Community…
Senators Baucus and Tester praise NMTC-financed Mission Valley Aquatics project
Montana CDC and U.S. Bank have secured $6 million in permanent financing to support th…
Bipartisan Bill to Permanently Extend New Markets Tax Credit Introduced in Senate
Today, Senators Jay Rockefeller (D-W.Va.) and Roy Blunt (R-Mo.) introduced legislation to provide a permanent extension for the New Markets Tax Credit (NMTC), an incentive for investment and job creat
Senators Rockefeller (D-WV) and Blunt (R-MO) introduce NMTC extension legislation
Senators Jay Rockefeller (D-WV) and Roy Blunt (R-MO) have introduced legislation that would indefinitely extend…
New Report Demonstrates Federal Tax Credit Program’s Ability to Stimulate Economic Development, Create Jobs in Low Income Communities
New Market Tax Credit 2013 Progress Report Provides Evidence on Effectiveness of the Credit as a Tool for Driving Capital to Areas of Economic Distress – A report issued today by a coalition of c
Turning federal tax credits into rural jobs
A Maine financial company has achieved mastery of a federal program to create jobs in communities that need them the most.
Now Hiring – NTMC Helps New Company at Former Naval Air Base Hire 50 New Skilled Workers
Two years ago, a medical products company from Europe called Molnlycke Healthcare chose to locate its U.S. manufacturing head…
New Markets Tax Credit Announcement Hailed Across the Country
In the past, every dollar in tax credits has generated an average of eight private investment dollars for projects like manufacturing plants, retail developments, affordable housing and health centers. Perhaps that’s why last week’s announcement was greeted with excitement across the country.
Save the Date: Capitol Hill Briefing on the New Markets Tax Credit
Mark your calendars! On Wednesday, June 5th, 2013 at 8:45 AM, the New Markets Tax Credit Coalition will sponsor a breakfast b…
CDFI Fund Announces Tenth Round of NMTC Allocation Awards
On Wednesday, April 24th, the Donna Gambrell, Director of the CDFI Fund, announced the Tenth Round of NMTC Allocation Awards totaling $3.5 billion in allocation.
NMTC Coalition Responds to Tax Reform Working Groups
On Friday, April 12, 2013, the New Markets Tax Credit Coalition responded to the Ways and Means Committee Working Groups’ cal…
Tax Reform Update: Senate Finance Committee Member Meetings
Over the next several months, the Senate Finance Committee will convene weekly to discuss a series of topics and collect feed…
State Economic Impact Reports
The NMTC Coalition recently released the NMTC Economic Impact Study (December, 2012). Our national findings show that the NMT…
Ways and Means Committee Announces Formation of Tax Reform Working Groups
Today, Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sandy Levin (D-MI) announced th…
Novogradac Journal of Tax Credits: NMTC Economic Impact Report Confirms Significant Return on Investment
The New Markets Tax Credit (NMTC) program was revived with Congress’ Jan. 2 passage of the American Taxpayer Relief Act of 20…
New Markets Tax Credit Coalition Commends Extension of New Markets Tax Credit in American Taxpayer Relief Act
Fiscal Cliff Legislation Provides Two-Year Extension to Federal Tax Credit Program Proven to Fuel Private Investment in Economically Distressed Communities– The New Markets Tax Credit Coalition (NMTCC
Aid for those with damage
On Tuesday, Newsday published a letter to the editor from New Markets Tax Credit Coalition Board Member Bob Davenport,…
New Markets Tax Credit Extended for Two Years
On January 1, 2013, the House of Representatives passed The American Taxpayer Relief Act ( H.R. 8 ), by a vote of 257-167. Th…
Rep. Richard Neal (D-MA) urges extension of the New Markets Tax Credit
Moments ago on the House floor:…
Coalition makes case for continuing New Markets Tax Credit program
Write-up in the Des Moines Business Record: A national coalition of community development organizations and financial institu…
NMTC: At Work in Communities Across America
The NMTC: At Work in Communities Across America report released…
New Report on Economic Impact of Federal Tax Credit Program Demonstrates Significant Return on Investment to Taxpayers
New Markets Tax Credit Economic Impact Report finds that NMTC has Generated A Significant Number of Jobs, Expanded State and Local Tax Base in Economically Distressed Areas
NMTC Economic Impact Report
The NMTC Coalition recently released the NMTC Economic Impact Study (December, 2012). Our findings show that the NMTC has created 500,000 jobs and generated a significant return to the federal government in terms of tax revenue generated.
The NMTC: At Work in Communities Across America
Our new report, The New Markets Tax Credit: At Work in Communities Across America, features ninety-two NMTC success stories from all fifty states plus the District of Columbia.
CityLink Center opens in Cincinnati to combat poverty
In November of 2012, Cincinnati leaders gathered for the grand opening of the CityLink Center, a comprehensive social services mall which was built with the help of New Markets Tax Credits.
Stivers and Chabot Lead House Freshmen Effort to Extend the New Markets Tax Credit
On the heels of a discouraging new census report on poverty and income, twelve House Republican Freshmen urge their leadership to renew an expired incentive for investment in low income communities. R
Twelve House GOP Freshmen Urge Leadership to Extend the New Markets Tax Credit
Momentum continues to build for movement of the tax extenders including the New Markets Tax Credit. Yesterday, twelve Freshme…
CDFI Fund Releases Supplemental Guidance on 2012 NMTC Application
Last week, the CDFI Fund released supplemental guidance to the 2012 New Markets Tax Credit Application. The supplemental guid…
Reps. Jim Gerlach (R-PA) and Richard Neal (D-MA) Pen Op-Ed Urging NMTC Extension
Congressmen Jim Gerlach (R-PA) and Richard Neal (D-MA) penned an Op-Ed in The Hill that urged Congress to extend the NMTC. A…