Below, find recent stories related to the New Markets Tax Credit.
The Tivoli Theatre Foundation announced the closing of a $9 million deal which will support the theatre's restoration.
Mobile Loaves & Fishes built a supportive community for people transitioning out of chronic homelessness. A planned expansion will more than triple its size.
Austin, TX
Letter to the editor in the Register Herald
Caldwell, WV
UB Community Development, LLC (UBCD), a community development partner of United Bank, was pleased to provide a combined $10 million in Federal and Mississippi New Markets Tax Credit (NMTC) funding to aid in construction of a utility pole mill in Quitman, Mississippi.
- CDEs: United Bank of Alabama
- Categories: Business Development, Manufacturing
V3 Sports will open its doors to the public on Saturday, June 22. It brings a vision by founder Erika Binger from 15 years ago, into reality.
- CDEs: USBCDE
- Categories: Community, Recreation
The NMTC financed facility aims to help community members realize their dreams by lifting up local BIPOC artists, while offering some permanent offices and several co-working spaces.
Minneapolis, MN
I was honored to participate in today’s groundbreaking of the Railroad Corner Redevelopment project in Orangeburg.
NMTC financing for Habitat for Humanity of Metro Denver (Habitat Metro Denver) to renovate the future headquarters for its affordable homeownership programs.
Denver, CO
The New Markets Tax Credit helps provide jobs, economic development and food security, says Dr. Chris Freeman, CFO of Bongards Creameries. He says it should be a permanent federal policy.
Humboldt, TN
Kids’ Meals, Inc., a nonprofit combating childhood food insecurity and hunger, broke ground on its new facility that will serve 26,000 hungry kids every day across the Greater Houston Area on June 3.
- CDEs: Bluehub
Projects generated 59,332 jobs in 2023, including 33,676 permanent FTE
Visit focuses on integration of mental health care services in primary care settings
El Cajon, CA
In a significant milestone for community empowerment and educational innovation, the Jackie Joyner-Kersee Foundation (JJK Foundation) has announced the closing of a pivotal project in its mission to revitalize East St. Louis, Illinois.
Food banks, pantries and community food programs have established a longstanding tradition of serving those in need. Now, more than ever, access to quality and affordable food is crucial in the U.S. The good news is that there is a powerful tax credit program igniting change and propelling food banks toward a brighter future by providing attractive capital to organizations to accelerate change.
- CDEs: Innovate Fund
$117 million expansion project will add production capacity for branded appetizer business and bring more than 130 jobs to the community.
Brownsville, TX
The Central Ohio House recently completed an extensive project to double the size of the facility, adding 84 rooms to serve an additional 2,000 families each year. The new 230,000-square-foot space adds more bedrooms for families, community rooms, an expanded kitchen, dining area and green space.
Columbus, OH
- Related Project: Ronald McDonald House Columbus
- CDEs: Chase, Finance Fund, IFF
- Categories: Community, Ronald McDonald House
The renovation will amplify Operation Food Search's programming and impact, benefiting 200,000 individuals monthly with essential food and services.
St. Louis, MO