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 Baucus and Hatch. Earlier this month, Senators Max Baucus (D-MT) and Orrin Hatch (R-UT), the Chairman and Ranking Member of the Senate Finance Committee, asked for comments and feedback from their Senate Colleagues regarding […]

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.) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) officially embarked on a trip to sell tax reform, which they have dubbed the “Max and Dave Road Show.” The chairmen of the congressional tax-writing […]

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 Sheets also incorporate data from the NMTC Coalition’s 2012 Economic Impact Report. Check them out. State fact sheets

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 Reinvestment Fund, Inc. Today, the chairmen of the U.S. Senate and U.S. House tax-writing committees — Sen. Max Baucus, D-Mont., and Rep. Dave Camp, R-Mich. — are kicking off a bipartisan summer road trip to promote […]

Senators Baucus and Tester praise NMTC-financed Mission Valley Aquatics project

Excerpt from KPAX.com in Missoula, MT: Montana CDC and U.S. Bank have secured $6 million in permanent financing to support the Mission Valley Aquatics community health facility.…“Supporting more than 40 jobs in Polson while building healthy community infrastructure is a win-win,” said Senator Max Baucus, who helped make New Markets Tax Credits available to rural […]

Senators Rockefeller (D-WV) and Blunt (R-MO) introduce NMTC extension legislation

THIS JUST IN. Senators Jay Rockefeller (D-WV) and Roy Blunt (R-MO) have introduced legislation that would indefinitely extend the NMTC. Read Senator Blunt’s press release below. —————————————— Senators Blunt, Rockefeller Introduce Legislation To Spur Investment, Jumpstart Job Creation In Low-Income Communities WASHINGTON, D.C. – U.S. Senators Roy Blunt (Mo.) and Jay Rockefeller (W.Va.) introduced a […]

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  Washington, D.C. – A report issued today by a coalition of community development organizations and financial institutions details how the New Markets Tax Credit (NMTC) transformed private sector capital into […]