Today, Representatives Tim Ryan (D-OH), Jimmy Panetta (D-CA), Sharice Davids (D-KS), Peter DeFazio (D-OR), Trent Kelly (R-MS), and Jim Costa (D-CA) signed on as cosponsors of the NMTC Extension Act of 2019 (H.R. 1680). That brings us to 74 cosponsors plus Terri Sewell (D-AL). Below are some project examples from these members’ districts. Tim Ryan […]
One Hope United’s Joliet Early Learning Center One Hope United’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, […]
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 […]
“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 […]
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 […]
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.
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 bills introduced in the House and Senate in February that make permanent and expand the New Markets Tax Credit. The fly-in, hosted by the New Markets Tax Credit Coalition, […]
Today Senator Daines (R-MT) is touring the future site of the Billings Family Service headquarters. The new facility is receiving NMTC-financing from MoFi. Learn more from KURL8. 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 […]
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The New Markets Tax Credit Coalition has prepared briefing books for all new members of the 116th Congress along with a handful of other members. The profiles can be found here: New Member Briefings
Browse our video vault, featuring case studies, Congressional testimony, hearings, and events.
Browse our NMTC Project Map, which includes stories and jobs data for NMTC projects in all fifty states and the District of Columbia.
