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One Hope United’s Joliet Early Learning Center ’s (OHU) Joliet Early Learning Center will open in March, thanks to an Illinois state grant and $15 million in new markets tax credits. This new center is one of 12 One Hope United early childhood education programs in the Chicago metropolitan area offering a safe, nurturing, learning environment for children. Each center utilizes a unique “learn by doing” approach that allows children to explore and understand the world around them. All One Hope United centers are staffed by early childhood professionals who are passionate about developing lifelong learners. Wayside Cross Ministries – ...
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Small business incubator, training center opens on St. Paul’s East Side Dayton’s Bluff Neighborhood Housing Services of St. Paul, in partnership with Neighborhood Development Center (NDC), opened a small-business incubator and training center in the summer of 2017 at 809 E. Seventh St. The primary focus is minority neighborhood entrepreneurs who own small and start-up contractor businesses.  Several open in the center, employing about 20 area residents. They include Green Light Architectural Sheet Metal, Everest Cleaning Systems, Ideal Commercial Interiors and Intown Sushi. The facility also includes a YouthBuild training facility. University Enterprise Labs UEL financed a new addition with ...
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“There is more we ought to be doing. One thing we could have that a lot of small businesses could really benefit from is the New Markets Tax Credit Program. This is a program that was first authorized in 2000. It encourages investment in high-poverty areas or in low-income areas. Again, in Missouri, 42,000 new jobs have been created as a result of the New Markets Tax Credit Program. The other day, I went to the first new supermarket since 1968 in North St. Louis. This new supermarket opened because it was able to use the New Markets Tax Credit ...
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NMTC Coalition Executive Committee member Kevin Goldsmith has a piece in the latest issue of the Novogradac Journal of Tax Credits on the NMTC’s growing presence in rural communities: The New Markets Tax Credit (NMTC) program continues to expand its scope to serve the most distressed communities across the United States. Initially left behind in the race to access the program, rural America has made significant strides to use NMTCs for new manufacturing investments to support low-income areas. The data backs up Goldsmith’s piece, which gets into the surge in rural projects and rural manufacturing projects in particular. Rural Manufacturing ...
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Construction expected to be finished this summer Thanks to the recent closing of a tax credit transaction, the Santa Barbara Rescue Mission (SBRM) netted $1.7 million for its Mission of Hope campaign, leaving only $381,800 to raise to fully fund the $11.9 million remodel of its Yanonali Street facility ...
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Yesterday, on April 9th, the nation’s leading community development entities met with nearly one hundred Members of Congress and their staffs to discuss the advancement of introduced in the House and Senate in February  that  make permanent and expand the New Markets Tax Credit. The fly-in, hosted by the , included a briefing with keynotes from the House bill’s lead sponsors, Reps. Terri Sewell (D-AL) and Tom Reed (R-NY), and remarks by Reps. Jason Smith (R-MO) and TJ Cox (D-CA). The special gathering of legislators, congressional staff and NMTC practitioners from across the country was held in the House Ways ...
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Today Senator Daines (R-MT) is touring the future site of the headquarters. The new facility is receiving NMTC-financing from . . Features of the new facility include: Tripling square footage resolving safety and efficiency issues Expanded food box program for families,seniors and individuals Creation of job training services Expanded thrift store for more inventory and large item sales (furniture and appliances) Improved client, donor, staff and volunteer experiences Senator Daines has also signed on as a cosponsor of S. 750, the ...
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Learn more about: Jessie Ball Dupont Center: Rocky Mount Event Center: Budokan of LA Rec Center: — NMTC Coalition (@NMTCCoalition) ...
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