New Markets Tax Credit

New Markets Tax Credit Coalition Releases 2021 NMTC Progress Report

New Markets Tax Credit, Publications / By

The NMTC Funded 272 Projects and more than 45,000 Jobs Across the U.S. in 2020 Washington, D.C. | June 17, 2021 09:00 AM Eastern Daylight Time The New Markets Tax Credit Coalition today released its 2021 New Markets Tax Credit (NMTC) Progress Report, the seventeenth edition of the report—providing analysis of NMTC activities in 2020. The report was prepared by the NMTC …

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Midwest Minnesota CDC Grocery Store Project Visited by Treasury Secretary

Blog, Community Economic Development Grants, Food Deserts, New Markets Tax Credit / By

On August 8th, 2016, U.S. Secretary of the Treasury Jack Lew visited Seward Community Cooperative Friendship Store, a grocery store in Minneapolis, Minnesota. The store, which is located in a low-income census tract and provides access to healthy, fresh foods, was financed in part by the New Markets Tax Credit (NMTC) and federal Community Economic Development …

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Leadership, Legacy and Cardboard Lobsters—Thank you Ron Phillips

Blog, CDFI Fund Program, Community Economic Development Grants, Job Creation, JOLI, New Markets Tax Credit / By

Post written by Bob Rapoza A celebration of a retiring leader in the CDC community was held this week. My good friend, Ron Phillips, the founder and president of Coastal Enterprises, Inc. is retiring. While I was not able to attend Ron’s celebration in Maine, I knew it would be quite an event, and a …

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NMTC 2013 Progress Report Provides Evidence on Effectiveness of the Credit as a Tool for Driving Capital to Areas of Economic Distress

Blog, Job Creation, New Markets Tax Credit, Publications / By

A report issued today by a coalition of community development organizations and financial institutions details how the New Markets Tax Credit (NMTC) transformed private sector capital into patient, flexible capital for credit-starved businesses in low income communities across the country during the previous year.

Rural Kentucky College Uses NMTCs to Address Region’s Shortage of Health Professionals

New Markets Tax Credit, Rural Economic Development / By

[box] Jobs Created: 50 construction, 102 permanent, student and work study employment[/box] The University of the Cumberlands is located in Williamsburg, Kentucky, a rural community nestled in the foothills of the Appalachian Mountains. The University spans approximately 70 acres and includes 34 buildings, including 2 sports field complexes. It has an enrollment of 2,169 students …

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