Blog
Looking Back on the Origins of the NMTC
With the NMTC now permanent, take a trip down memory lane.
NMTC Coalition
July 8, 2025
With the NMTC now permanent, take a trip down memory lane.
The NMTC received a permanent extension in H.R.1, ensuring long-term investment in underserved communities. The credit has spurred $143B in investment and 1.2M jobs since 2000.
On Monday, June 16, 2025, the Senate Finance Committee included a permanent extension of the NMTC within President Trump’s One Big Beautiful Bill.
In 2024, 114 NMTC projects supported over 18,000 jobs at industrial sector businesses, from a small steel fabricator in rural Ohio to a massive pipe manufacturing facility in central Oklahoma.
The New Markets Tax Credit Coalition today released its 2025 New Markets Tax Credit (NMTC) Progress Report, the 21st edition of the report-providing analysis of NMTC activities in 2024.
Today, over 500 businesses, community development organizations, investors, lenders, nonprofits, trade associations and other organizations sent a letter urging Congress to support and pass the bipartisan New Markets Tax Credit
The Revolution Mill complex revitalization project in Greensboro, North Carolina, is nearing the finish line, but the adaptive reuse project has already generated a broad economic impact on the region
On Tuesday, April 8th, supporters of the new Legacy Elementary School gathered in Uvalde to celebrate the school securing full funding.