NMTC Is Generating Billions in Economic Activity

After nearly being eliminated a few months ago during the federal tax reform debate, the New Markets Tax Credit program has proved to be invaluable for rural communities in America. Just in the past year, the Community Development Financial Institutions (CDFI) Fund...

US Economy Stands to Gain By Making New Market Tax Credit Permanent

An economic development program that is creating jobs and spurring billions of dollars of economic activity in low-income communities across America expires in 2019, but support is growing for the credit to be made permanent. Called the New Market Tax Credit (NMTC),...

Report Shows New Market Tax Credit Helping American Economy

One US economic development program is paying off for the economy, according to a new report, spurring everything from a public library to an entrepreneurship campus. The New Market Tax Credit (NMTC) helped create 60,000 jobs through $5.8 billion in total project...

Federal NMTC Program Provides Unique Opportunities for Companies to Expand

The federal New Markets Tax Credit (NMTC) program is allowing companies in underserved communities—both rural and urban—to expand and compete globally. For the past 16 years, this federal financing program has helped thousands of companies across the country build new...

Advantage Capital Will Use NMTC Allocation to Spur Economic Growth

On November 22, 2016, Advantage Capital announced that it was awarded an $80 million allocation in the federal New Markets Tax Credit (NMTC) program. Administered by the U.S. Department of the Treasury, this program helps economically distressed communities attract...