NMTC are an investment tool to help incentivize development of economically disadvantaged areas.
We would not have been able to increase our business and add the jobs without the NMTC project and investment in our company. This project has had a significant positive impact for our community.
I am a member of the Montana/Idaho New Markets Tax Credits Advisory Committee. I’ve seen firsthand how these projects uplift local communities. Western States CAT in Pocatello and Premier Technologies in Blackfoot are two companies right in my immediate area that wouldn’t have been able to put expansion projects together without this supplemental funding.
The NMTC program provides gap and incentive financing and guidance for high-impact, economy-expanding, community revitalizing business investment projects. The project they supported in Pocatello (Western States CAT Expansion) retained & created good jobs & services that are integral to several of the region’s main industrial clusters,(mining, agriculture, logistics, construction) and triggered commercial development in an […]
Mixed use project in downtown Rexburg, including 130 housing units, retail, restaurant and professional office space.
Western States Equipment, an Idaho-based Caterpillar sales and service company, had outgrown its original facility. They needed more space for their headquarters and wanted additional room for training. Their plans for expansion, however, had stalled because of high construction and rental costs in Pocatello. With the help of New Markets Tax Credit financing, they were […]
This rural Idaho business manufacturers specialized steel components for food and energy industries and is creating both quality and accessible jobs in a small town.
This is a valuable tool to help us gain investment in our rural community. Options are limited and our community can be a hard sell to industry. Taking away this valuable option would hurt our ability to bring new projects, jobs with increased wages, and opportunity to our community. Please extend NMTC.
The NMTC program has provided jobs and benefits to our community. It has been a huge benefit and has benefited many families. It has provided jobs and given employees an opportunity to learn new skills and have opportunities for job advancement within our organization. It has also allowed these employees to become more marketable and […]
The Company was able to build a new Caterpillar location in Pocatello, Idaho with the New Markets Tax Credit. First, this location employs 120 full time equivalents in a state of the art location. Second, this location enhances the Company’s Mining business which allows additional sales and job growth and opportunities. Third, the community has […]
The NMTC provides one more tool to help buisness in rural communities to access the capital needed to start a small business.
The NMTC has provided the pathway to revitalize areas of our community that would have not been possible otherwise. The NMTC program serves as a catalyst leading to job growth, expansion and redevelopment that is meaningful and material for our community now and for many years to come.
New Market Tax Credit’s are one of the tools that help drive the economic development in the communities that we serve. Preservation of this essential tool for economic development is a key for the future of the economic growth in our expanding region.