Archive for the ‘New Markets Tax Credit’ Category
written on April 24th, 2013 | by James R. Klein
The New Markets Tax Credit (NMTC) program is one of Finance Fund’s strongest resources. Today, we received the long awaited news that the U.S. Department of Treasury awarded us $40 million in NMTC. This is the eighth round of NMTC funding we have received, totaling $240 million since 2004. The NMTC funding fuels our New [...]
Tags: Finance Fund, New Markets Tax Credit, NMTC, US Treasury Department
Posted in CDFI, Community Development, Job Creation, New Markets Tax Credit | No Comments »
written on April 24th, 2013 | by Tara Campbell
Small business owners and entrepreneurs often contact Finance Fund after they’ve been turned down for a traditional bank loan. We work hard to find ways to partner with traditional lenders and leverage grants and other forms of funding to make financing for these folks possible. It’s often difficult, complex work, but extremely rewarding. Finance Fund [...]
Tags: Capital, Columbus Chamber of Commerce, Community Health Loan Fund, Credit, Finance Fund, Low Income Community, neighborhoods, NMTC, Ohio Department of Development, SBA Community Advantage, SBA Intermediate Lending, Small Business lending, US Treasury Department
Posted in Finance Fund Partnerships, New Markets Tax Credit, Uncategorized | No Comments »
written on April 17th, 2013 | by James R. Klein
WASHINGTON, April 17, 2013 – The New Markets Tax Credit (NMTC) Coalition commends President Obama for his call for a permanent extension of the NMTC. By permanently extending the NMTC, President Obama would ensure that low income communities continue to receive billions in capital for new community facilities, businesses and revitalization projects while also generating a significant return on investment [...]
Tags: community revitalization, economic development, federal government, Job creation, Jose Villalobos, low income communities, New Markets Tax Credit, New Markets Tax Credit Coalition, permanent authorization, permanent extension, President Barack Obama, return on investment, unemployment, USGAO
Posted in Community Development, New Markets Tax Credit, Uncategorized | No Comments »
written on January 23rd, 2013 | by James R. Klein
Finance Fund is pleased to award $12.8 million in federal and $2.56 million in state New Market Tax Credit (NMTC) financing to Ironville to expand operations at the Toledo Port’s Midwest Terminal. PNC New Markets Investment Partners, LLC, the investor, provided an additional $2.5 million federal allocation. The new construction project is located in a [...]
Tags: commerce, Community Development, economic development, Finance Fund, James Klein, Job creation, Low Income Community, New Markets Tax Credit, NMTC, PNC, St. Lawrence Seaway, Toledo Seaport
Posted in Community Development, Job Creation, New Markets Tax Credit, Uncategorized | No Comments »
written on January 2nd, 2013 | by James R. Klein
The tax credit community can breath a sigh of relief and look forward to a better New Year with the news that President Obama signed legislation on a number of tax extender provisions including the New Markets Tax Credit. H.R. 8, the American Taxpayer Relief Act of 2012 extends NMTC for two years, allocating $3.5 [...]
Tags: American Taxpayer Relief Act, CDFI, Community Development Finance Institution, fiscal cliff, NMTC, NMTC coalition, NMTC renewal
Posted in Commentary, Community Development, Job Creation, New Markets Tax Credit | No Comments »
written on December 19th, 2012 | by Amanda Hoyt
Congressional members on both sides of the aisle support a renewal of the New Markets Tax Credit (NMTC) program. House Resolution 2655 currently has 86 cosponsors and proposes to extend the credit through 2016 with a $5 billion annual allocation. The demand for program, however, far exceeds this allocation. The Community Development Financial Institutions (CDFI) [...]
Tags: Amanda Hoyt, CDFI, CDFI Fund Director Donna J. Gambrell, Community Development Finance Institution, Congressman Bob Gerlach, economic development, Finance Fund, House Resolution 2655, HR 2655, New Markets Tax Credit Coalition 2012 Annual Conference, Rep. Richard Neal, Sen. Mary L. Landrieu
Posted in New Markets Tax Credit, Uncategorized | No Comments »
written on December 6th, 2012 | by Amanda Hoyt
As the “fiscal cliff” looms, it’s likely that major cuts in government programs will be part of the plan to reduce the federal budget deficit. As the nation waits to see where the cuts will fall, Finance Fund is actively making the case for reauthorization of the federal New Markets Tax Credit (NMTC) program alongside [...]
Tags: 2012 Public Affairs Pulse Survey, CDE, Community Development, community investment, fiscal cliff, New Markets Tax Credit, New Markets Tax Credit Coalition, tax credits
Posted in Commentary, Community Development, Job Creation, New Markets Tax Credit, Uncategorized, Workforce | No Comments »
written on November 20th, 2012 | by James R. Klein
”As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” John F. Kennedy Thank you for your support of Finance Fund and our mission to bring economic vitality to underserved communities. I am grateful to our funders, partners, clients, staff members, legislators [...]
Tags: Congress, economic development, James Klein, Jobs, Thanksgiving
Posted in CDFI, Commentary, Community Development, Finance Fund Partnerships, Job Creation, New Markets Tax Credit, Uncategorized, Workforce | No Comments »
written on November 14th, 2012 | by Moniqua Spencer
Attending groundbreaking events is a favorite aspect of my work at Finance Fund. Today, I traveled to Zanesville to kick-off construction of the Muskingum Recreation Center – a long-awaited community health and fitness facility that will drive jobs and economic development to the area. When it comes to financing projects such as this one, Finance [...]
Tags: community health and fitness facility, Congress, economic development, financing, Jobs, loans, Muskingum Recreation Center, New MarKet Tax Credit Renewal, New Markets Tax Credit, New Markets Tax Credit Coalition, Zanesville
Posted in Community Development, Job Creation, New Markets Tax Credit, Uncategorized, Workforce | No Comments »
written on September 20th, 2012 | by I-Cheng Huang
ZenCha Tea Salon began as dream born from my passion for tea. It’s much more than just a business to me. Here, we promote international tea arts that enhance cultural commonality, health awareness and quality leisure, with core values of harmony, respect, purity and tranquility. FinanceFund has played a very important role in our business [...]
Tags: Business development, Business Financing, Entrepreneur, Finance Fund, Financial Intermediary, New business start-up, Urban neighborhood
Posted in Commentary, Community Development, Job Creation, neighborhoods, New Markets Tax Credit, Uncategorized | No Comments »