William Snell, Rocky Mountain Tribal Leaders Council, Billings, Montana
NMTC is a valuable service and resource in meeting the needs of our American Indian businesses, nonprofits and projects. Revitalization is critical in assisting the building of services and providing employment to our very disadvantaged communities.
Denny Doyle, Mayor of Beaverton, Beaverton, Oregon
It is a great help in getting much needed funding assembled to help people living in Beaverton, that would otherwise not be served.
Jordan Monsour, Butler Snow LLP (Baton Rouge), Baton Rouge, Louisiana
It has proved to be a very successful tool unlike other incentives for investments in low income communities that has directly created new jobs and new necessary services in communities lacking the same, which in turn, has improved the lives and well being of our most needy citizens, and which has further economically stimulated such […]
Miguel Ortiz, Credicentro-Coop, Barranquitas, Puerto Rico
Is an important source of financing for business and community facilities in Barranquitas, PR, Orocovis PR and Ponce PR most distressed rural and urban communities. There are cities with extreme poverty and unemployment.
James Oliver, St. Croix Tissue Inc. / Woodland Pulp LLC, Baileyville, Maine
NMTC financing was a key piece of allowing for the investment in two tissue machines in Baileyville ,ME starting up in 2016. This added employment for 85 new people and helped retain over 300 jobs at the associated on site pulp mill. This area of the State has not seen an investment this large since […]
Phyllis Snodgrass, Austin Habitat For Humanity, Austin, Texas
New Market Tax Credit Funding allows our organization to develop and build beautiful, equitable and sustainable homeownership communities throughout our service areas which provide hard working Americans a Hand Up out of poverty and create generational change for good.
Jakob von Trapp, Columbia Ventures, LLC, Atlanta, Georgia
It’s one of the only federal resources that supports the civic institutions that form the foundation for community in America.
Debra Edelson, Grove Park Foundation, Atlanta, Georgia
What does the NMTC mean to your community? “The ability to help fund rebuilding basic civic infrastructure long denied disadvantage communities.”
Connie Veates, Trees Atlanta, Atlanta, Georgia
[NMTC financing] enables us to better serve the underserved population in Atlanta.
Steven Oliver, Oliver and Company, Richmond, California
[Making the NMTC permanent] will provide a stable path for non-profits to find stability in this difficult financial environment
Lori Fogarty, Oakland Museum of California, Oakland, California
New Market Tax Credits are enabling the transformation of the Oakland Museum of California into a community gathering space and “town square” in the heart of downtown Oakland. Our renewed gardens and enhanced campus will open up to the surrounding neighborhoods, will serve as a platform for arts and cultural programming, and will connect learning […]
Tana Seeley, Mission Valley Aquatics, Polson, Montana
NMTC has positively impacted our community with the growth of new businesses, especially an aquatic center that has improved the health and well being of individuals of all ages.
Jay Breines, Holyoke Health Center, Holyoke, Massachusetts
We used NMTC to build our headquarters building in downtown Holyoke, representing the single largest building project ever in that area. It now provides 500 jobs and serves almost 20,000 residents, all of which adds to the urgent needs of this very poor community. Commercial banks were not comfortable with the potential $20,000,000 investment we […]
Jeffrey Crum, Community Asset Preservation Corporation, New Brunswick, New Jersey
[The NMTC] provides a meaningful subsidy to create affordable home ownership opportunities, particularly for families of color.
Judge Wilson, Berea College, Berea, Kentucky
NMTC support has been essential in provide gap financing for critical projects at Berea since we do not collect tuition from any of our students, all of whom have great financial need. This has helped our college leverage the generosity of private donors and preserve the quality of our educational program.
Elizabeth Dana, Arroyo Crossing, Moab, Utah
The NMTC is how our small, remote town of about 9,000 people was able to build some of the only affordable housing for our largely working-class community.
Steve Fontaine, CEO, PHH, DuBois, Pennsylvania
We hope this facility will address the severe lack of mental health services in the region. This infusion will allow our health system to broaden our current array of necessary services to an impoverished population with limited access to care.”
Ron Munnerlyn, County Administrator and Economic Developer, Marlboro County, South Carolina
Marlboro County Government is committed to assisting Arris Manufacturing in every way possible so that the company and our workforce will prosper. We’re excited to see this innovative company get its start here with the help of the New Markets Tax Credit program.
Rodney McMullen, CEO, Kroger, Cincinnati, Ohio
We think [Court and Walnut] will be a great gathering place for people in downtown, OTR and the West End during work and after work. That’s the reason we built that store at that location.
Richard Pakonen, Saint Paul, Minnesota
The Wycliff is a building where you can make sounds and dust because you can make things.
Molly Greenman, CEO, NMTC-financed Family Partnership, Minneapolis, Minnesota
It’s really an exciting time to be moving here. We hope it will give us more opportunity to serve more people. The challenges for kids and families who are living in poverty are enormous and stressful.
Mayor Mike Duggan, Detroit, Michigan
With MyLocker’s incredible popularity and growth, CEO Robert Hake could have taken his company anywhere—and he certainly has had offers. The fact that he has committed to expanding his workforce here in Corktown sends a message to other companies that Detroit is a great place to grow your business.”
Greg Hunt, CEO, NuFarm, Greenville, Mississippi
The opening of the Greenville plant is a milestone for Nufarm’s business. It broadens our manufacturing footprint beyond our facilities in Chicago to a true North American based platform. This is a facility where we can work more closely with our distribution partners to service the needs of farmers.”
Donald Gray, Mayor, Water Valley, Mississippi
Water Valley Mayor Donald Gray agreed the economic, social, and physical components of this project is going to be a great change” for the city. The physical part is going to make our city much better. The economic, I can’t even start to imagine. …Hopefully a lot of these students will come back and build […]
Don Kiel, Mayor, Seguin, Texas
We are delighted that United Alloy has decided to build their new manufacturing facility in Seguin, TX. This project will help create excellent employment opportunities for our residents and help grow our economic base. We are proud that they have chosen to do business in the City of Seguin.
Diamonte Walker, Deputy Director, URA, Pittsburgh, Pennsylvania
For Pittsburgh, affordable housing has to be more than a laudable goal. It is development that is best achieved when all forces – public, private, philanthropic, and nonprofit alike – work together to deliver and maintain high quality, affordable housing opportunities for Pittsburgh residents. The innovative use of NMTC, as demonstrated by this partnership, exemplifies […]
David Holt, Mayor, Oklahoma City, Oklahoma
A full-service grocery store is a fundamental building block for a community. It is something most of us take for granted. Within two miles of my house, I have access to at least eight full-service grocery stores. The situation we begin to remedy today has been unacceptable for decades. But resolving it wasn’t easy. On […]
Daniel Acosta, ACRUVA Capital Partners, Miami, Florida
NMTCs represent an additional funding resource that allows us to revitalize the communities we serve.
Julia Romine, Habitat for Humanity of Greater Memphis, Memphis, Tennessee
The NMTC has been a critical source of funding that has helped us increase the number of affordable housing units we are able to build in underserved neighborhoods.
Darius Davis, Tri-State Bank of Memphis, Memphis, Tennessee
NMTC provide much need capital for development in low-to-moderate income communities like Memphis.
Brent Sorenson, Rural Development Patners, Mankato, Minnesota
NMTC bring jobs and hope to low-income communities. The jobs created give people a way to use their skills and energy to earn a living and support their families and see their communities thrive. It allows them to be proud of the outcome because they worked together to make lives better in their community.
Darlene Smolik, Plymouth Soundings, LLC, Loudon, Tennessee
Much needed job creation for Low Income People is badly needed, and NMTCs make this possible.
Tom Shellenberg, Butte’s Ace Hardware, Livingston, Montana
With NMTC assistance, we doubled the size of our store. Our sales have almost doubled in 18 months. We have been able to increase employee compensation, hire more employees, increase our charitable giving and better serve our community.
Jay Taylor, Friday Eldredge & Clark LLP, Little Rock, Arkansas
The NMTC has proven to be a very powerful tool to deploy much needed capital in communities that have been traditionally underserved. The successful track record of the NMTC program easily supports extension.
Grady Vanderhoofven, Three Roots Capital, Knoxville, Tennessee
NMTC means getting deals done that would not otherwise be possible, thereby creating jobs and positive economic impact in communities of need.
Arthur Robert, Monadnock Economoic Development Corporation, Keene, New Hampshire
Using NMTC, our team has been able to work with partners to restore downtown buildings, support expanding manufacturers, and drive multi-use redevelopment into barren and contaminated rail yards. In our rural region, the cost of construction far outstrips rents, creating massive disincentives to improving structures – or constructing new buildings to meet pressing needs.