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
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The NMTC Funded 272 Projects and more than 45,000 Jobs Across the U.S. in 2020
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).
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.
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
Underserved communities that confront difficult situations, including natural disasters, economic distress, and economic disl…
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) –