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 […]
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.
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 […]
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
Bipartisan NMTC extension legislation introduced in Hosue and Senate
Below are a few NMTC projects closing or holding a ribbon cutting over the last few weeks. The HWH Group, a full-service engineering, construction and consulting firm that provides finance, community development opportunities, site selection and a specialized New Markets Tax Credit incentives group, announced that American SpiralWeld Pipe Company is breaking ground on a […]
Coalition gathers NMTC stakeholders for a policy conference, releases new state statistics WASHINGTON, D.C. (December 18, 2018) — The New Markets Tax Credit (NMTC) Coalition held its Annual Conference on December 12 and 13 in Washington, D.C. The event featured members of Congress as keynote speakers, and panels on timely community development matters. Attendees were […]
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.
