New Markets Tax Credit Coalition Report Highlights Impact on Jobs and Investment in Rural Communities

Jul 27, 2017 | News, Newsletter

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.

 

Call for Presentations for the 2020 Annual Summit

OEDA invites you to submit a proposal to present at the 2020 Annual Summit, themed “Moving the Needle” to be held September 29-October 1 at the Marriott Columbus University Area. This year’s theme focuses on how economic development practitioners continue to make...

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April Event Brings Small Businesses and Government Buyers Together

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The largest small business-to-government contracting event in the state will kick off with a networking reception Tuesday, April 28, at Wright State University’s Nutter Center, 3640 Colonel Glenn Highway, Dayton, Ohio 45324. The Ohio Business Matchmaker’s main “matchmaking” event will take place Wednesday, April 29. 

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Dayton-made ‘American Factory’ Wins Oscar for Fuyao Documentary

On Sunday evening, the Dayton-made documentary “American Factory” took home the Academy Award for best documentary feature.

Filmmakers Steve Bognar and Julia Reichert accepted the Oscar for their film about Chinese auto glass maker Fuyao Glass America’s revival of a former General Motors plant with the creation of over 2,000 jobs in Moraine.

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