Rep. Terry Sewell (D-AL)
“I am delighted to see the increased investment in the GMI Selma operation. The New Markets Tax Credit enhances the economic opportunity for many families and businesses in the area. The product from GMI also supports U.S.-based manufacturing for critical strategic materials which feed our nation’s supply chain for semi-conductors, solar energy products, military energy […]
Wilkes-Barre Mayor Tom Leighton on the Coal Street NMTC project
“The renovation…is a great example of how municipalities like WilkesBarre, working in cooperation with county, state, and federal levels of government and the private sector can provide outstanding offerings for their residents.”
Nick Mitchell-Bennett, Executive Director of CDCB on their NMTC project
“The need is immense. The lack of affordable housing means the region can’t build them fast enough, and what is built fills up quickly. At the same time, without subsidies, many people here can’t afford what is built.”
Ches Jackson, president of Monogram Supply Chain on their NMTC-financed expansion
“Monogram Foods is excited to be expanding production and adding jobs in Martinsville. We have an excellent workforce with a dedication to consistently high quality products, safety and efficiency.”
Eileen Hayes, Amos House President and CEO
“Words cannot express how appreciative I am for our partners, donors, staff, and local community and the help they have provided over the past five years to arrive at this moment. This project utilizes New Markets Tax Credits, provided by MHIC with Bank of America as the investor, to cover 30% of project costs.”
Michael MacDonald, Hornell Managing Director
“With a state-of-the-art American industrial footprint, including the ability to build stainless steel car body shells in Hornell, Alstom will be well-positioned to meet our customers’ needs and continue to bring skilled jobs to the Hornell community. This would not be possible without [NMTC] support of organizations like Rural Development Partners.”
Edgar Ramirez, CEO Chicago Commons, on receiving NMTC financing
“We are appreciative of IFF’s support in helping Chicago Commons during Illinois’ unprecedented budget crisis. While our organization has been financially sound and healthy for many years, the past year has called for us to think creatively to weather the financial storm. Partnering with IFF allowed us to keep our doors open without balancing the […]
Dale Royal, formerly with Atlanta Emerging Markets, Inc.
“The Center on Civil and Human Rights’ opening is a victory for the city, celebrating its rich history and the connection to today’s challenge – it is a remarkable project that has been in the making for the last decade. The center is now a destination, attracting people from across the United states, and around […]
John Dyck, Delco Founder & CEO, on receiving NMTC financing
“Delco Trailers is a company that has created growth over the past several years by creating excellent products, focusing on the success of our dealer network, and providing quality jobs in the community. This partnership with RDP will help us to continue on that trajectory while having a positive and lasting impact on the community […]
Congressman Hal Rogers (R-KY) on the NMTC-financed West Liberty Tornado Recovery Project
“We don’t know of any project this size in Kentucky history.”
James R. Klein, Finance Fund’s former CEO
“This public-private partnership is an excellent example of how the New Markets Tax Credit program helps regions create a sustainable economic path,” said James R. Klein, Finance Fund president and chief executive officer. “By investing in the EPISCENTER, we are ultimately investing in the future success of the region.”
Jeff Wells, former Director of Opportunity Fund’s NMTC program
“Opportunity Fund was thrilled to support the construction of Educare’s beautiful new facility, which provides early childhood education to 160 of the community’s most vulnerable children.”
CHC CEO Tim Trithart on the NMTC
“MMCDC’s willingness to work with us has helped us with the final pieces of our financial puzzle.”
Rey Wojdat, Culinary Events Center Assistant to the Dean
“I anticipate that we are going to be housing culinary arts and events students that are going to be close to that facility, perhaps in walking distance. I anticipate that it became a destination area.”
Dr. Paul A. Ahr, President, Camillus House on
“FCLF was instrumental in making this important project a reality, bringing us one step closer towards fulfilling our vision of ending chronic homelessness in Miami-Dade County.”
Emilio Parker, reintegration specialist with SER and SER graduate on their expansion.
“Without SER giving me a chance to do something different, I might not have made it this far. The new [Workforce Opportunity Center] will give a lot more people the chance to make a different kind of life for themselves.”
Ti Adelaide Martin, who co-founded NMTC-financed NOCHI
“This is what the New Orleans hospitality industry has always dreamt of.”
Linda Boessenecker, CEO, Girls Inc. of Alameda County
“At Girls Inc., we’re dedicated to inspiring all girls to be strong, smart and bold. With US Bank’s support, we’ll not only be able to relocate closer to the girls that we’re already serving, but we’ll also be able to better meet the increasing demands for our proven and acclaimed programs.”
Coca-Cola UNITED Executive Vice President and Chief Administrative Officer, Hafiz Chandiwala
“We are excited about our significant investment in Tifton and the impact it will have on our new community in South Georgia. This project is another example of Coca-Cola UNITED’s foundation of community investment and development and will greatly benefit our associates, the local residents, and our company for many years to come.”
Reza Momeni, President of Momeni, Inc.
“With 50 years of experience in the business, combined with a new generation, we feel ready to tackle any challenge and are excited to explore all the new possibilities of this beautiful industry. Investing in our team and their creativity is truly what allows us to be so successful.”
Congressman Brad Wenstrup
Have you noticed a lot of construction around town? Tax incentives like the New Markets Tax Credit spur development in new areas. Pro-growth tax policy has a powerful, positive effect on our communities. It was great learning from Messer Construction in Cincinnati about their projects and priorities throughout the nation.
Daniel Malone, Executive Director, Downtown Emergency Services Center, Seattle, Washington
Residents of Hobson Place will throw off the daily stress of wondering how they’re going to survive on the streets and begin to open a new chapter in their lives and be able to rejoin the life of the community.”
Assemblywoman Dina Neal, Las Vegas, Nevada
Precision Opinion is a good example of what we aimed to achieve with the Nevada New Markets Jobs Act program—facilitating private investment capital into businesses in distress communities, in particular those companies that can create and maintain good, quality jobs to benefit Nevada families. Companies like Precision Opinion are a testament to the positive impact […]
Eric Strickland, Opa-locka Community Development Corporation, Opa-locka, Florida
NMTCs help bridge gaps in the financing of needed job creation and community services projects for the people of Miami-Dade County
Assemblywoman Dina Neal, Las Vegas, Nevada
This investment is great news for a number of reasons. First, I love to see a company so actively involved in championing an effort to bring diversity to the tech industry. This is a much-needed service to help underserved communities break into an excellent field. Secondly, we just renewed the Nevada New Markets Jobs Act […]
Shaw Sprague, National Trust for Historic Preservation, Washington, DC
NMTCs are frequently combined with HTCs to create a powerful economic revitalization tool that serves community needs and preserves important historic resources.
Tyker Inda, Baker Tilly Capital , Madison, WI
New Markets Tax Credits bring very flexible below market capital resources to multiple project types at both senior and highly subordinated debt levels making it possible for CDEs and CDFIs to serve severely distressed communities with project funding that directly meet identified needs . This core capacity will be even more necessary in our current […]
Nathan Murray, Urban Renewal Agency of the City of Twin Falls, Idaho
NMTC are an investment tool to help incentivize development of economically disadvantaged areas.
Banks Floodman, Sunflower Development Group, Olathe, Kansas
The ability for us to assist in projects that create jobs in situations where this would NOT be possible. For many areas, these credits are the difference between a sustainable project and one that will NEVER come to fruition.
Brian Friedman, Wellspring Associates, Tucker, Georgia
Without the NMTC program it would not have been possible for us to initiate a new K-8 Academy and YMCA early learning center in a disenfranchised neighborhood in 2019.
Eran Pehan, City of Missoula, Montana
The NMTC directly impacts our ability to implement our housing, economic development and community development initiatives at the municipal level. As a rural community, this funding is instrumental in helping us achieve our goals and better the lives of our residents.
Linda Salmonson, Rural Electric Economic Development, Inc., Madison, South Dakota
NMTC helps low income communities retain and create jobs and leads to significant new investment in commercial infrastructure that supports the long term tax base of the area.
Jennifer Nuttall, Neighborhood House, Salt Lake City, Utah
The New Market Tax Credits helped us enormously to meet the growth needs our hardworking, low-income population, with affordable and quality day care for children and adults.
Arlo Washington, Devine Intervention Investment Fund, Little Rock, Arkansas
[The NMTC expands] access to opportunity for low income communities and disadvantaged small businesses
Jeff Epstein, MidTown Cleveland, Inc., Cleveland, Ohio
New Markets Tax Credits have been absolutely essential in bringing health care, grocery, office, and economic development projects into our neighborhood in the last decade – projects bringing much needed strength to our community that would not have happened without the NMTC program.
Brittany Ashby, Wyoming Economic Development Association, Cheyenne, Wyoming
Our members use NMTC to help with projects that significantly impact their communities. Wyoming is very rural and sometimes the small communities have a hard time funding their projects. Tools like this can make it a little bit easier.