New Markets Tax Credit Coalition Report Highlights Impact on Jobs and Investment in Rural Communities
The New Markets Tax Credit (NMTC) Coalition, representing 150 finance and community development experts and practitioners nationwide, released a report detailing an unprecedented level of private investment in rural communities around the United States. The NMTC has helped rural communities increase healthcare access, financing 107 rural healthcare facilities or clinics, totaling nearly $800 million in project costs between 2003 and 2014.
“The New Markets Tax Credit has a long track record of delivering capital to our country’s most economically distressed urban and rural communities. In recent years, the credit’s rural impact has been especially important with increasingly diminished economic opportunity due to inadequate access to capital, depressing those local economies and leading to high unemployment levels,” said Robert W. Davenport, NMTC Coalition president and special advisor to the National Development Council. “As a result, the NMTC has become a big deal for rural America–creating tens of thousands of jobs, financing over 800 businesses and facilities, and boosting local economies.
For more information on the New Markets Tax Credit and details of the latest report, click HERE.
Extension Educator, Community Development in Noble County to conduct programming for OSU Extension targeted to local needs. An earned Bachelor’s or Master’s degree at the time of hire is required. Preference will be given to candidates with a degree in the field of economic development, public administration, business administration, community planning, community development, applied economics or a related field.read more
OEDA invites you to submit a proposal to present at the 2018 Annual Summit, themed “Back to Basics” to be held October 17-19 at the Columbus Renaissance Downtown. The sense that 2018 is going to be a very busy and dynamic year serves to remind us that we need to be doing the foundation work better than ever in order to have great success.read more
This is your last opportunity to register for OEDA 360. Don't miss your chance to hear about the latest trends impact economic development, the current state of key Ohio industries, tips on accessing resources, programs, and funding and getting the inside scoop on...read more