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Shelley Capito (R-WV)

Tax Staffer: JT Jezierski, [email protected] (Updated: 02/22/2021)

Testimonials

New Markets Tax Credits have been absolutely essential in bringing health care, grocery, office, and economic development projects into our neighborhood in the last decade – projects bringing much needed strength to our community that would not have happened without the NMTC program.

-Jeff Epstein, MidTown Cleveland, Inc., Cleveland, Ohio

We are currently working with manufacturing companies to expand in our tier 1 depressed area through the NMTC incentive program. We hope to see it continue.

-William Hurley, Legal Counsel & CEO, Southeast First National Bank, Summerville, Georgia

New Market Tax Credits provided crucial funding to create a crisis center and emergency housing for domestic violence survivors and homeless families in our community. With NMTC, the facility could not have been built and up to 50 families each night would have no where to sleep except in their cars or tents.

-Cindy Weese, Executive Director, YWCA Missoula, Missoula, Montana

NMTCs provide access for low-income residents, low-income persons and low-income communities to realize their goals and plans. Whether it is growth in the industrial park and access to quality, accessible jobs, increased access to affordable healthcare and workforce training or the rejuvenation of downtown with mixed-use commercial and housing along historic main-street squares, this subsidy has a vital role to play in bringing rural GA back into the economic mainstream. We must retain and reclaim or young population and to do this we must use flexible resources to attract business and develop amenity infrastructure that makes us a vital and thriving community long-term.

-Kate Rowland, Treasurer, The Preston-Knight Foundation, LaGrange, Georgia

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District Highlights

NMTC Project Profiles (Inside the District)

2022

Holland, MI

Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13…
2021

North Highlands, CA

The Project consists of the development of a 20,000 sq. ft. relocation/expansion of Elica’s existing North Highlands Center….
2021

Cincinnati, OH

The Keyer Row development consists of six contiguous properties located on Main Street in the Over-the-Rhine neighborhood in the…
2021

West Monroe, LA

A $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies….

State Fact Sheet