M001180

David McKinley (R-WV01)

DC Phone: 202-225-4172

Tax Staffer: Katie Brown, [email protected] (Updated: 07/28/2021)

The NMTC is a pivotal tool that seriously assists in economic development. From a creditors standpoint it reduces the risk in the investment of financing the project. From a developers standpoint the NMTC can be the triggering factor to make the overall a project move forward. The NMTC projects create growth in the economy, especially in distressed and underserved markets that are in dire need to investments. This types of economic development tools are critical to allow for future growth. MVB Community Development Corporation is fully supportive of the NMTC and has seen firsthand of how these types of credits can and will continue to foster growth.

-Martin Howe, President, MVB Bank Community Development Corporation, Clarksburg, West Virginia

District Highlights

NMTC Project Profiles (Inside the District)

Parkersburg, WV (2,020)

The borrower was seeking funding to remodel the lower floor of a medical building. This remodel allowed for the addition of doctors and staff….

Clarksburg, WV (2,017)

Rehabilitation of a historic theater into a modern performing arts and education center with seating for 950, 200 guest ballroom, and classrooms….

Wheeling, WV (2,002)

Rehab of the Wheeling Stamping Building in Wheeling, West Virginia, a 94,000 sq. ft. brick warehouse….

NMTC Project Profiles (Nearby the District)

Buckhannon, WV (2,020)

Construction of modern professional office space in downtown Buckhannon, WV consisting of modern amenities and technology along with fiber gigabit connectivity. The use of…

State Fact Sheet