Six Florida Representatives cosponsor H.R. 1321

Over the past week, SIX(!) Florida Representatives have signed on to the NMTC Extension Act of 2021. They include Representatives Kathy Castor (D-FL), Charlie Crist (D-FL), Mario Diaz-Balart (R-FL), Stephanie Murphy (D-FL), Frederica Wilson (D-FL), and Gus Bilirakis (R-FL) all cosponsored.  Success Stories from their Districts Rep. Castor Rep. Crist Rep. Diaz-Balart Rep. Murphy Rep. […]

Rural Jobs Act Reintroduced

Today, the Rural Jobs Act was reintroduced in the House and Senate by Senators Roger Wicker, R-Miss., Mark Warner, D-Va., John Boozman, R-Ark., Ben Cardin, D-Md., Kyrsten Sinema, D-Ariz., John Hoeven, R-N.D., Shelley Moore Capito, R-W.Va., and Cindy Hyde-Smith, R-Miss., along with  Representatives Terri Sewell, D-Ala. and Jason Smith, R-Mo. The legislation would increase NMTC […]

It’s NMTC Advocacy Week

Learn more about how you can help #MakeTheNMTCPermanent: Want to participate in #NMTC Advocacy Week? Reach out to your members of Congress and urge them to #MakeTheNMTCPermanent and to expand the #NMTC to help underserved communities. We have contact information, stories, and more by Congressional District here:

Next Week is NMTC Advocacy Week

NMTC Coalition members advocate for the NMTC Extension Act of 2021, additional investment in BIPOC-owned CDEs, childcare, business incubators, clean-tech industries and investor liquidityThe w

Small Business Week

The NMTC supports quite a few small businesses and entrepreneurs, both directly (through direct financing) and indirectly (through real estate financing of incubators and creative shared space).

New Urban Institute Research on the NMTC

Today, the Urban Institute is out with new issue briefs on the New Markets Tax Credit. The Urban Institute found that communities with NMTC investments saw reductions in poverty and increases in median incomes. We investigated more than 5,700 NMTC projects that were facilitated by $55 billion in qualified investments into nonprofits and businesses. We found that […]

Vortex Cold Storage Breaks Ground on New Facility with NMTC Financing

Earlier this year, Midwest Minnesota Community Development Corporation provided $3.4 million in NMTC financing to Vortex Cold Storage to develop a state-of-the-art temperature-controlled warehousing to support Agribusiness and Food Distribution business supply chains in the Southern Minnesota and Northern Iowa regions. The project held a groundbreaking ceremony last week in Albert Lea, MN.

NMTC Alignment with the American Jobs Plan

The AJP envisions several promising new programs and initiatives for financing housing, invigorating our clean energy economy, and replacing our electric grid, among other ideas. Many of the goals and priorities in the plan align well existing federal initiatives – in particular the NMTC