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French Hill (R-AR02)

Tax Staffer: Jae Jang, [email protected] (Updated: 05/11/2022)

Testimonials

The NMTC has proven to be a very powerful tool to deploy much needed capital in communities that have been traditionally underserved. The successful track record of the NMTC program easily supports extension.

-Jay Taylor, Friday Eldredge & Clark LLP, Little Rock, Arkansas

[The NMTC expands] access to opportunity for low income communities and disadvantaged small businesses

-Arlo Washington, Devine Intervention Investment Fund, Little Rock, Arkansas

As a predominantly rural state, the NMTC has absolutely been the key piece in putting together capital stacks for projects in underserved areas. There is no substitute mechanism/tool that could replace the NMTC is the work that we do.

-Sam Walls III, President, Arkansas Capital and Heartland Renaissance Fund, Little Rock

New Markets Tax Credits play a vital role in attracting investments to low-income communities in Arkansas and would not receive investments without them.

-Arlo Washington, People Trust Loan Fund, Little Rock, Arkansas

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District Highlights

16

projects

$100,006,542

NMTC allocation

$168,199,520

total project financing

1,196

FTE jobs

1,540

construction jobs

NMTC Project Profiles (Inside the District)

2019

Little Rock, AR

NMTC financing for the construction of its new, $15M 60,000 sq. ft. headquarters….

State Fact Sheet