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.
The Ohio Economic Development Association is pleased to announce that seven economic development practitioners have been awarded the credential of Ohio Certified Economic Developer (Ohio CED) during the organization’s 2018 Annual Excellence Awards ceremony held Columbus, Ohio on October 17, 2018. The following individuals have been awarded the Ohio Certified Economic Developer (Ohio CED) credential:read more
OEDA would like to take this opportunity to thank the following individuals who served as mentors for the first cohort of Ohio CED candidates:
Greg Davis, Ohio State University Extension
Harry Eadon, Economic Development & Finance Alliance of Tuscawaras County
Jeremiah Gracia, City of Dublin
Anthony Jones, City of Gahanna
Chris Lipson, City of Dayton
Lisa Patt McDaniel, Workforce Development Board of Central Ohio
David Zak, Tiffin-Seneca Economic Partnership
ATHENS, Ohio – Ohio University’s Voinovich School of Leadership and Public Affairs will receive $1.6 million from the U.S. Department of Commerce Economic Development Administration to fund a new program to assist southeastern Ohio communities affected by the decline of the coal industry.read more