Eight New Cosponsors of H.R. 1321
Members of Congress from both parties continue to sign-on to the NMTC Extension Act of 2021, which would make the NMTC permanent.
NMTC Policy Conference Wrap-up
With the 2021 NMTC Coalition Policy Conference now in the rear mirror, please head to our events page for a full wrap-up of the conference including videos from presentations, PPTs, and social media highlights. You can also download the NMTC Coalition’s 2021 Progress Report below: You can also find the conference sessions on our Youtube […]
New Markets Tax Credit Coalition Releases 2021 NMTC Progress Report
The NMTC Funded 272 Projects and more than 45,000 Jobs Across the U.S. in 2020
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 […]
NMTC Advocacy Week – Social Media Round-up
Thanks to everyone who participated in NMTC Advocacy Week on social media. Here’s a roundup of a few of the posts:
Advocacy Week Day 1 – Social Media Highlights
We urge all supporters of the NMTC to jump on social media and promote NMTC projects large and small. Here are a few highlights from yesterday:
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
26 New Cosponsors of the NMTC Extension Act
Great news: Twenty-six members of the House joined as cosponsors of H.R. 1321. You can browse stories from all their districts below: [pt_view id=”e93a0b4pk6″]
The NMTC and the American Jobs Plan
Possibility of Permanent Extension of New Markets Tax Credit Offers Great Opportunities
Underserved communities that confront difficult situations, including natural disasters, economic distress, and economic dislocation, rely on the New Markets Tax Credit (NMTC). It helps them restore economic stability and improve integral health and social services. During present times in particular, as we face the global COVID-19 pandemic, numerous communities across the county have been hit […]
The NMTC and Vaccine Distribution
Did you know that the New Markets Tax Credit plays a small role in vaccine distribution? The connection isn’t obvious but as you will see, the NMTC plays a role in strengthening several sectors of the economy that will be incredibly important in delivering vaccines to each and every American, no matter their economic status. […]
New Fact Sheet for NMTC Extension Act
We’ve created a new fact sheet for the NMTC Extension Act of 2021. As you reach out to Congressional offices and ask them to cosponsor, feel free to link to this.
Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion
NMTC Coalition Applauds Sens. Cardin (D-MD) and Blunt (R-MO), Reps. Sewell (D-AL) and Reed (R-NY) for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities(February 25, 2021) –
Coalition releases New Member Briefings for the 117th Congress
Today, the Coalition published briefings on the NMTC for newly elected members of the 117th Congress.