Over one thousand businesses and organizations support NMTC extension
Over one thousand businesses, coalitions, nonprofits, developers, financial institutions, local governments, and other stakeholders have joined together to tell Congress one thing: extend the New Markets Tax Credit! Below you will find our present and previous sign-on letters in support of an extension of the NMTC. To add your name to our sign-on ...Read more...
About the Coalition
The New Markets Tax Credit (NMTC) Coalition is a national membership organization founded in 1998 to advocate on behalf of the NMTC program. The Coalition, which now includes more than 150 members, is managed by Rapoza Associates, a public interest lobbying, policy analysis and government relations firm located in Washington, DC that specializes in ...Read more...
About the Credit
ABOUT THE PROGRAM The New Markets Tax Credit program (NMTC) is a cost-effective way to create jobs and drive investment in communities with high rates of poverty and unemployment. Enacted in 2000, the program uses federal tax credits equaling 39 percent of the investment allocated over a seven-year period. These investments are made to spur commun ...Read more...