The New Markets Tax Credit program has been and continues to be instrumental in our ability to continue to provide the maximum value for the milk of our members, while ensuring we are building a cooperative that will be here for future generations. The Community Development Entities that partner with us understand the need to support our farmers and building for the future. They are wonderful partners in our mission of long-term success and service to our farmer owners.
-Chris Freeman, CFO of Bongards
“We hope with the continuing growth of Alliance for Nonprofit Resources and with increased space, that we will be able to bring additional sustainable employment to the downtown Butler and the western PA region. These additional positions will allow us the ability to handle increased volumes in our management services clients served in back end office services for nonprofits. It will also enable us to expand our transportation division with the ability to handle increased invoicing, trip scheduling and logistics dispatcher. Along with this, expand our supportive employment opportunities that our offered.”
-Nonprofit Development Center, Butler, PA
The New Markets program plays a significant role in financing many vital businesses and community projects that are overlooked by traditional lending markets. It helps to breathe new life into our neglected and underserved low-income communities. We’ve leveraged these funds to preserve and create jobs, and to build successful businesses….[In my district], the amount of good that these projects have done for the community cannot be understated: hundreds of millions of dollars in investment and thousands of jobs.
-Congressman Richard Neal (D-MA)
As a non-profit, NewCourtland uses NMTC to make the communities we build in better and stronger.
-Bob Theil, NewCourtland Senior Services, Philadelphia, PA
As a primary care health clinic we are able to provide preventive care, reducing the number of community members who end up in the Emergency Department, receiving care where it’s mostly costly. NMTC allows us to build a facility that can deliver care at a much lower cost and keep people health and productive.
-Mary Ferguson, Desert Sage Health Centers, Mountain Home, ID
As a retired resident from Atlanta, GA, I support the NMTC programs in our community that have provided an important fiscal resource for new businesses that stimulate community development in neighborhoods seeking economic revival.
-Patricia Riley, Retired, Atlanta, GA