News


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... read more

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... read more

New Markets Tax Credit Success in Maine

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

Lacking Access to Capital Can Destroy Small Businesses

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