Revitalizing Rural America
The CDFI Fund targets 20 percent of NMTC allocation awards to non-metropolitan counties. Thus, the impact in rural America is significant. Between 2003 and 2014:
- 817 businesses, community facilities, and other important revitalization projects financed.
- $6.15 billion in NMTC allocation generated $11.6 billion in total project costs.
- NMTC projects generated 49,940 full-time jobs and 21,706 construction jobs.
Below are a few stories of how small towns and farming communities put NMTC capital to work through manufacturing expansions, timber and forestry projects, hospitals, and community facilities.
Rural Manufacturing Stories
The NMTC: A Big Deal for Rural America Our July 2017 report analyzed both CDFI Fund transaction data and NMTC Coalition survey data.
Rural Community Facilities
Map of Selected Rural Projects