James Coughlin, Camden County Joint Development Authority, Kingsland, Georgia
We have a closed paper mill on the edge of town that is a NMTC census tract. This was once the economic engine of our region until the mill was closed in 2002. We need tax credits such as NMTC to encourage investment and help our community recover from the loss of this employer.
Jeffrey Simons, JL Simon’s Marketing & Advertising Consulting, East Brunswick, New Jersey
Everyone benefits when everyone has the chance to succeed. We have created an uneven playing field in America over our history, and this legislation helps all of our citizens contribute to our nation’s forward progress.
Randal Shaffer, Trinity Basin Preparatory, Inc., Grand Prairie, Texas
The NMTC literally saved us well over $1,000,000 that we can put directly into our classrooms to support our students. We focus on literacy for low-income, minority students, and the NMTC directly and positively impacted our bottom line so that we could focus on providing quality staff and services to our students.
Jennifer Wuchner, Habitat for Humanity of Evansville, Inc, Evansville, Indiana
Habitat for Humanity of Evansville, Inc is proud to have received the benefits of two NMTC transactions which allowed us to build 5 more houses with the initial proceeds. Then, as the mortgage payments came in on those houses, we were able to build 8 more houses. We are still in the compliance period with […]
Sarah Reese, City of Laramie, Wyoming
NMTCs help to stimulate development in an otherwise challenging economy and community.
Tom Henry, City of Fort Wayne, Indiana
As Mayor of the City of Fort Wayne, I have seen the benefits of NMTC serving our most vulnerable citizens, including veterans with traumatic brain injuries, severely disabled citizens, and the boys and girls from our the lowest income census tracks in the community. Over 40% of the NMTC awarded to the Fort Wayne based […]
Stephen Fultz, City of Caldwell, Idaho
NMTCs have been utilized by several businesses in our area, providing incentives that assisted in creating 100s of new jobs quality jobs for our citizens
Candice Van Scoy, Habitat for Humanity of the Chesapeake, Baltimore, MD
NMTC has been an important tool over the years for our organization to provide jobs and affordable housing to under served communities. Most of our homeowners are African American so this is bridging the inequity gap so vital to healing our nation.
Michael Brown, Executive Director, Nevada Governor’s Office of Economic Development, Elko, Nevada
A critical factor in expanding rural economic and community development opportunities is improving access to quality healthcare and specialized medical services. The proposed project in Elko, Nevada would help address this critical factor thereby improving a critical consideration for business development decisions in the region.
Robin Wittenstein, CEO, Denver Health and Hospital Authority, Colorado
We built this facility to improve the care for our patients and the community we serve. Right now, getting as many people as possible vaccinated against COVID-19 is a top-priority for our community. We are fortunate to have the ability to expand our vaccination sites by utilizing the OMC and can do so without interfering […]
Sandra Acosta, AIM Development Group, Corp., Bronx, New York
Without the NMTC program, disinvested communities do not have access to funding that can bring jobs, services, and manufacturing to communities that can help reverse decades of decline.
Ira Weinstein, CohnReznick, Baltimore, MD
This program provides an opportunity to make a difference in low-income communities and for low income people and to move as all to a better more equitable place.
Alice Veenstra, Baker Tilly, Canterbury, New Hampshire
NMTC is such an important resource for creating jobs, revitalizing blighted properties, and bringing vital services such as grocery stores, health care, education, youth services, and social services in the most distressed, lowest-income communities in our nation.
Brit Fontenot, City of Bozeman, Montana
[The NMTC produces] more vibrant and economically sustainable and resilient communities.
Micheal Ross, The Business Valued Advisor Fund, Austin, Texas
The New Markets Tax Credit program is a vital resource in supporting small business resiliency. It will help move from paycheck protection to long-term self sufficiency for these vital economic resources for our national economic recovery efforts.
Barbara Carey, The Communication Institute, Baton Rouge, Louisiana
New hospitals and healthcare facilities can be built to offer state of the art healthcare in many small and rural communities. Many of the citizens in these communities lack the ability to access healthcare that is far from home. They rely on community doctors and hospitals to maintain a good quality of life.
Hafiz Chandiwala, Executive VP and CAO, Coca-Cola Bottling Company, Georgia
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.”
Congressman (now Senator) Peter Welch, Vermont
Today, we celebrate the kickoff of this historic project that will revitalize downtown Bennington. We also celebrate the extraordinary efforts of the community leaders who brought their vision to life in the face of countless obstacles along the way. I am particularly pleased that the federal New Markets Tax Credit played a vital role in […]
Chris Story, City Manager, City of Spartanburg, South Carolina
Since the closing of the last TK Gregg Community Center, it has been a priority of the City of Spartanburg to re-open a state of the art community facility in the Northside neighborhood and New Markets Tax Credits have been a key financing tool to help us get there.
Ed Zatta, CEO
We are passionate about growing the company in Ohio and developing a robust workforce in Athens County. This [NMTC] investment is critical to our expansion and ability to not only increase R&D, but also create 100 new high-paying jobs in our community. We fully expect to become the largest employer in the county, offering highly […]
Luis Mora-Rechnitz, FINANTA, Philadelphia, Pennsylvania
A lot of impactful community development projects will not take place in the most vulnerable communities we serve without NMTC.
Monica Blanton, Brightbridge/River Gorge Capital, Chattanooga, Tennessee
The NMTC allows us to provide capital for projects in low income communities, to address their specific needs to improve the lives of low income people.
Frank Hoffman, Ice Miller + Strategus, Indianapolis, Indiana
[The NMTC] enables us to finance over $100M in community projects In Indiana per year
Frank Liu, Houston, Texas
[The NMTC helps] generate needed services and jobs in the transitional neighborhoods!
Billy Nicholson, CFO for the Colville Confederated Tribes
“NMTC financing helped develop our infrastructure and water system. These benefits go beyond our treatment center. We are able to continue to develop the Keller community with new homes and businesses.”
Nick Mitchell, come dream. come build., Brownsville, Texas
The NMTC allows cdcb to carry-out a full development that build, jobs, homes and businesses.
Matt Harrington, NACDC Financial Services, Browning, Montana
[The NMTC supported] a new department building at the local community college.
Neel Shah, Shah Capital Advisors, Inc., Briarcliff Manor, New York
This proven program is key to helping disenfranchised communities the opportunity to attract businesses that provide critical jobs and services. Directing capital into these communities transforms the possibility of persons with the potential to be productive into tax paying workers that contribute meaningfully to the US economy.
Adam Grinold, Brattleboro Development Credit Corporation, Brattleboro, Vermont
This is a critical tool in helping our rural community access necessary capital for critical community facility and private development projects that employ members of our community.
Don Cape, JWT Capital, LLC, Bozeman, Montana
I used the NMTC program for the redevelopment of a blighted site into a Home2 Suites hotel. The project has triggered adjacent and nearby redevelopment projects, thus increasing job opportunities and economic development beyond the hotel. Were it not for the NMTC program, we would not have been able to build the hotel.
Hanah McCarthy, Community Food Co-op, Bozeman, Montana
Our NMTC gave us the ability to incorporate numerous green elements into our building, sustain jobs, as well as bring local and organic food to our community. This support is needed now more than ever because of the current economic downturn. Please continue to support this program!
Greg Miller, Universal Athletic Services, Inc., Bozeman, Montana
[The NMTC] allowed UAS to renovate an empty building and create jobs in the community.
Joe Flatley, Massachusetts Housing Investment Corp., Boston, Massachusetts
NMTCs build pathways out of poverty in low-income communities.
Sean McDonnell, AHF, Boston, Massachusetts
The NMTC provides critical funding to serve poor communities.
Douglas Sayer, Premier Technology, Blackfoot, Idaho
We would not have been able to increase our business and add the jobs without the NMTC project and investment in our company. This project has had a significant positive impact for our community.
Anne DeBoo, Western Security Bank, Billings, Montana
NMTC funding has enabled several non-profits and for-profits alike develop properties and businesses in low income areas. Rehabilitating old buildings, enhancing distressed and blighted city areas – all have happened with these funds. It’s important to keep the program rolling to entice developers to take on these projects and to help non-profits expand and grow […]