The NMTC has a twenty-five-year track record of delivering financing to small businesses, daycare centers, health clinics, manufacturing expansions, workforce training programs, broadband expansions, schools, business incubators, disaster relief efforts, and other revitalization projects that strengthen communities and generate long-term economic growth. Instead of Washington picking winners and losers, the NMTC empowers local decision-making on important economic development projects. Across the country, more than $135 billion in private capital has been invested in businesses with the help of the NMTC, creating over 1.2 million jobs. Over twenty percent of NMTC projects are in rural areas, and most investments are in severely distressed areas that far exceed the statutory requirements for economic distress. The NMTC is set to expire at the end of 2025. Please support America’s low-income rural communities and urban neighborhoods by cosponsoring the NMTC Extension Act of 2025.