Below, find recent stories related to the New Markets Tax Credit.
The International African American Museum, in a former slave port, is about more than slavery. It’s about survival and resilience.
Charleston, SC
One of the last remaining Negro League ballparks was nearly lost to history. But professional baseball has now returned to the fabled stadium, which stands as a monument to generations of Black players once consigned to the periphery of our national pastime.
Paterson, NJ
Today, Deputy Secretary of the Treasury Wally Adeyemo toured the RYSE Center, a youth center and climate resilience hub with solar and battery technology in northern California to highlight how the Inflation Reduction Act incentivizes clean energy investment in underserved communities.
Richmond, CA
- Related Project: RYSE Commons
- Categories: Youth and Families
Monogram Foods, with assistance from CEI Capital Management LLC (CCML), secured $8 million in New Markets Tax Credit (NMTC) financing to proceed with an expansion of the company’s Martinsville, Va., manufacturing plant.
- Categories: Manufacturing
The New Markets Tax Credit Coalition today released its 2023 New Markets Tax Credit (NMTC) Progress Report, the 19th edition of the report—providing analysis of NMTC activities in 2022.
Novogradac Journal of Tax Credits Volume 14, Issue 6
Nonprofit organizations (NPOs) that serve low-income communities often have difficulty raising funds to pursue their missions. The COVID-19 pandemic made fundraising even more difficult. Many NPOs are still struggling to return to their pre-pandemic financial state.
- Categories: Community
Project partners overcame program complexity and other challenges to expand an essential retail and food center in Indian Country
Red Lake and Bemidji, MN and MN
Learn the fundamentals of the New Markets Tax Credit incentive, including the background and context, roles of significant players, and typical transaction structures. With a focus on understanding the common and unique goals of Community Development Entities, course participants will leave understanding what type of project is ideal for NMTC. Course leaders each come from a different background in the NMTC industry, and their diverse perspectives offer additional insight into explaining the overall NMTC landscape. As part one in a four-part series, the fundamental topics discussed in this course will be vital to prepare participants for future courses.
This legislation aims to spur investment and economic growth in rural and underserved communities.
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible areas.
Novogradac Journal of Tax Credits Volume 14, Issue 2
$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
Selma, AL