NMTC In Use


The New Markets Investment Program has garnered support from leaders across the country. These individuals have witnessed the power of NMTC from the front lines.

Here’s what they have to say:

“The New Markets Tax Credit Program creates jobs and critical investments in low-income neighborhoods and rural communities across the nation.”

Amias Gerty

Acting Assistant Secretary for Financial Institutions, U.S. Treasury

“Its ability to attract private-sector capital into some of the most economically distressed and underserved communities is a hallmark of this important economic development program.”

Amias Gerty

Acting Assistant Secretary for Financial Institutions, U.S. Treasury

“The New Markets Tax Credit Program is clearly targeting economic development in communities that critically need financing to help create new businesses, affordable housing and jobs.”

Dennis Nolan

Deputy Director of the Community Development Financial Institutions Fund

“A New Markets Tax Credit investment in Wheeling, West Virginia helped bring the Wheeling Stamping Building back to life. The building was once a bustling hub of the metal stamping industry. After deteriorating and sitting dormant for decades, the New Markets Tax Credit helped finance the restoration of the building that created 300 construction jobs. Now, the building houses 350 full-time employees in a community that needs good jobs.”

Former Senator Jay Rockefeller

(D-WV)

“The New Markets Tax Credit Program has already had a positive impact in Missouri, leading to more than $2 billion in investments and thousands of jobs. I’m glad to support this bipartisan bill to make this tax credit permanent so that we can continue to encourage investment, growth, and job creation in low-income communities nationwide.”

Senator Roy Blunt

(R-MO)

“The New Markets Tax Credit is putting people to work and helping transform communities here in southeastern Pennsylvania.”

Former Congressman Jim Gerlach

(R-PA)

“Holyoke has benefited greatly from New Markets, with financing also going toward the Massachusetts Green High Performance Computing Center and the Holyoke Health Center.”

Congressman Richard Neal

(D-MA)