Mike Kelly (R-PA16)

Tax Staffer: Quinn Ritchie, quinn.ritchie@mail.house.gov.

"
Over the years, the New Markets Tax Credit has well-proven its worth by revitalizing neighborhoods and cities and that need the help the most….Along with revitalizing American’s Main Streets, the NMTC program is a job creator and I’m proud to support [the NMTC Extension Act] again in the 118th Congress!
"

-Mike Kelly (R-PA16)

District Highlights (Through 2023)

6 projects
36,910,892 in NMTC allocation
43,130,577 total project financing
303 FTE jobs created or retained
306 construction jobs created
2 federally qualified health centers

6

projects

$36,910,892

NMTC Allocation

$43,130,577

in total project financing

303

FTE jobs

306

construction jobs

2

federally qualified health centers

NMTC Project Profiles (Inside the District)

Nonprofit Development Corporation

Butler,
PA
(2023)

Community, Nonprofit Hub

CDE(s): WesBanco

Nonprofit Development Corporation is renovating a space to accommodate its growth and provide more services.

New Castle Mixed-use (2021)

New Castle,
PA
(2021)

Mixed-use, Mixed-use and Commercial

CDE(s): WesBanco

In the first of two revitalization projects (read about the other project), Wesbanco used NMTC financing to help a borrower purchase and renovate a vacant commercial building at 101 Mercer

New Castle Mixed-use (2022)

New Castle,
PA
(2022)

Mixed-use

CDE(s): WesBanco

Revitalization of the corridor buildings leading into downtown New Castle, PA.

Primary Health Network – Sharon

Sharon,
PA
(2014)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Chase, Commonwealth Cornerstone Group, The Reinvestment Fund

This project involved the completion of a new, $18 million transaction to help fund the expansion and consolidation of healthcare services provided by Primary Health Network (PHN) in Sharon.