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Showing 1 to 2 of 2 for “"New Markets Tax Credits"”.
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How New Markets Tax Credits are Contributing to Recovery and Community Development in New Orleans
The New Markets Tax Credit (NMTC) program was created in 2000 to incentivize commercial investment in low-income communities that have traditionally lacked access to capital. In addition to its use to foster community development, after Hurricane Katrina it was put to use as a disaster recovery …
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Bringing good things to life : New Markets Tax Credits and the opening of low-income communities to investment, including a case study of Pittsfield, Massachusetts
The New Markets Tax Credit (NMTC) Program is designed to promote investment and economic growth in urban and rural low-income communities across the country. Created in 2000 as one of the last acts of the Clinton Administration, the NMTC program has allocated $16 billion of tax credits to date to …