The New Markets Tax Credits program recently received great recognition and praise in a Huffington Post article titled “A Decade Later “New Markets” Continues to Build Opportunity in an America Left Behind.” This article highlights the positive, lasting impact the NMTC program is having on neighborhoods in America.
Here is an excerpt from the article:
“By any definition the New Markets program has exceeded expectations.
Not only has it created a successful model of for-profit, business-driven expansion of investment, job creation and economic opportunities in distressed communities with government and the community partnerships playing key supportive roles — it has done so in tough times when private capital has been hard to find due to the credit crunch and slowing economy.
Continuing this program is in the best interest of businesses, taxpayers and communities hit hard by recent economic conditions.”
To read the rest of the article, click here.
To learn more about Finance Fund projects funded through the NMTC, click here.