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.
(COLUMBUS, Ohio)—Lt. Governor Jon Husted, in his capacity as Director of the Governor’s Office of Workforce Transformation, today announced the launch of the Industry Sector Partnership grant program, which was funded through the state operating budget.read more
President Trump’s commitment to improving the economy and the engine that drives it – small businesses – has been undeterred. And, when he approved the federal government’s fiscal year budget in late December, he secured the future of America’s small businesses and our nation’s ability to recover after disasters with funding for the U.S. Small Business Administration.read more
2020 will have ten critical corporate site location trends that will impact economic development across the United States. The Montrose Group provides corporate site location, economic development planning, project financing and lobbying services to companies and organizations across the United States and annually releases the top ten economic development trends impacting corporate site location. The Montrose Group has negotiated corporate site location projects totaling over $1 B in economic development incentives and has active projects in multiple states.read more