News
Jul 20, 2018
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... read more
Jun 29, 2018
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),... read more
Jun 18, 2018
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... read more
Mar 21, 2017
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... read more
Mar 20, 2017
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... read more
Mar 15, 2017
Built on an economy of natural resources, Maine has always had a proud heritage as a rural state. Maine is continuing their tradition and moving forward with building new industries from this base. This kind of growth and development is only possible with large... read more
Oct 6, 2016
Over 90 percent of small businesses owners nationwide agree that one major obstacle to expanding business is access to capital. When small businesses owners lack money to operate, they struggle to attract investors, maintain day-to-day operations and grow and expand... read more
