News from new markets tax credit coalition A wide array of domestic and global news stories; news topics include politics / government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages, as well.

Dec 10, 2014, 05:13 ET
NMTC has successfully spurred private investment in distressed communities, creating jobs and growing local economies.

New Markets Tax Credit Coalition's Annual Conference in DC at Pivotal Moment for Tax Extenders

 As the Senate is prepares to vote on a one-year extension for expired tax provisions, the New Markets Tax Credit (NMTC) Coalition is convening...

Nov 18, 2014, 10:34 ET
NMTC at work: driving capital to economically distressed urban and rural communities nationwide, creating jobs and growing local economies.

Extend Expired New Markets Tax Credit Now

 With just a handful of days left for the 113th Congress, some 1,500 businesses, investors and nonprofit organizations from across the country...

Aug 11, 2014, 16:37 ET
NMTC financed manufacturing facility in Sumter, SC is expected to create 1,600 new full-time, permanent jobs - 90 percent of which will be entry level. (PRNewsFoto/New Markets Tax Credit Coalition)

Two New Reports Paint an Incomplete and Inaccurate Picture of the New Markets Tax Credit

 Two reports were released on the New Markets Tax Credit (NMTC), one by the Government Accountability Office (GAO) and another by Senator Tom...

Jul 14, 2014, 13:35 ET
Freeport Press, in Freeport, Ohio, is an excellent example of the impact New Markets Tax Credit investments can have in rural communities. (Photo from the Finance Fund) (PRNewsFoto/New Markets Tax Credit Coalition)

New Markets Tax Credit Makes Substantial Contribution In Rural America

A report issued today by a coalition of community development organizations and financial institutions details how the New Markets Tax Credit...

Jun 24, 2014, 13:16 ET

New Markets Tax Credit Helps Finance the Newly-Opened National Center on Civil and Human Rights

 The grand opening of the National Center on Civil and Human Rights took place in downtown Atlanta yesterday. More than seven years in the...

Jun 10, 2014, 09:34 ET
The National Development Council, Community Reinvestment Fund and the Local Initiatives Support Corporation partnered to provide New Market Tax Credit financing to the Houston Food Bank. Photo source: The Houston Food Bank (PRNewsFoto/New Markets Tax Credit Coalition)

New Report Demonstrates Widespread Impact of Expired Federal Tax Credit Program on Economically Distressed Communities

 The New Markets Tax Credit (NMTC) was responsible for creating more than 54,000 jobs last year, according to a new report released by the NMTC...

Apr 04, 2014, 13:26 ET

Congress Takes Steps to Secure Future of New Markets Tax Credit

Both Houses of Congress are taking action to secure the future of the New Markets Tax Credit (NMTC), which expired on December 31, 2013. Yesterday,...

Nov 01, 2013, 09:35 ET

Bipartisan Push Underway to Permanently Extend Federal Tax Credit Encouraging Investment in Economically Disadvantaged Communities

 House Republicans and Democrats are formally asking House Ways and Means Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) to...

Sep 17, 2013, 11:05 ET

Thousands Call On Congress to Keep New Markets Tax Credit

 Over 1,200 businesses, investors, nonprofit organizations and community leaders sent a letter to Capitol Hill today urging Congress to extend...

Jul 08, 2013, 17:36 ET

Tax Reform Tour Stops at New Markets Tax Credit-Financed Business

 Today, the chairmen of the Congressional tax-writing committees, Senator Max Baucus (D-Mont.) and Representative Dave Camp (R-Mich.) kicked...

Jun 11, 2013, 17:26 ET

Permanent Extension of New Markets Tax Credit Introduced in Senate

 Today, Senators Jay Rockefeller (D-W.Va.) and Roy Blunt (R-Mo.) introduced the New Markets Tax Credit Act of 2013, bipartisan legislation to...

Jun 05, 2013, 11:20 ET

New Report Demonstrates Federal Tax Credit Program's Ability to Stimulate Economic Development, Create Jobs in Low Income Communities

 A report issued today by the New Markets Tax Credit Coalition details how the New Markets Tax Credit (NMTC) transformed private sector capital...

Apr 17, 2013, 11:20 ET
Both the New Markets Tax Credit Economic Impact Report and the New Markets Tax Credit: At Work in Communities Across America Report were released by the New Markets Tax Credit Coalition this week, in conjunction with their 2012 Annual Conference, happening Dec. 11-12 in Washington, D.C.  (PRNewsFoto/New Markets Tax Credit Coalition)

Coalition Commends President Obama For Supporting Permanent Extension Of New Markets Tax Credit

 The New Markets Tax Credit (NMTC) Coalition commends President Obama for his call for a permanent extension of the NMTC.  By permanently...

Jan 07, 2013, 13:58 ET
New Markets Tax Credit Coalition.  (PRNewsFoto/New Markets Tax Credit Coalition)

New Markets Tax Credit Coalition Commends Extension of New Markets Tax Credit in American Taxpayer Relief Act

The New Markets Tax Credit Coalition applauds the passage of legislation extending the New Markets Tax Credit (NMTC) for two years. By extending...

Dec 12, 2012, 10:15 ET
The newly expanded Peckham, Inc. light industrial manufacturing facility makes it possible to not only employ more individuals -- the majority of whom are persons with learning, developmental and physical disabilities -- on-site, but also provide extensive job training and placement opportunities. For those who benefit from these expanded service offerings -- made possible by the NMTC investment that helped finance the expansion – Peckham is their gateway to more productive and fulfilling lives.

New Report on Economic Impact of New Markets Tax Credit Finds Significant Return on Investment for Taxpayers

A report released today by the New Markets Tax Credit Coalition details how the New Markets Tax Credit (NMTC) has spurred private investment in...

Jun 07, 2012, 09:30 ET

New Report Shows How Expired Federal Tax Credit Has Injected Billions of Dollars into Low-Income Communities

A report issued today by a coalition of community development organizations and financial institutions details how an expired federal tax credit,...