The Appalachian Region encompasses 423 counties in 13 states. It has the highest concentrations of economically distressed counties in the nation; 25 of the 100 poorest counties and 106 Persistent Poverty Counties (28% of all PPCs in the U.S.) are located here. Of the region’s 25.6 million residents, 42% are rural compared to 20% nationally; 19% are people of color. NMTCs are important economic development tools for regions like Appalachia. The public- private partnerships are critical for supporting redevelopment projects, helping to create/retain jobs, and revitalizing highly distressed communities. To have the greatest impact and to ensure sustainability of projects, the tax credits need to be made permanent.
New Markets Tax Credit Coalition
