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Congress Should Protect Faith-Based Organizations When Reauthorizing Head Start

This Week With Claudia

Tenney introduces tax credit bill to assist rural developers

Press release: Congresswoman Claudia Tenney (NY-24), a member of the House Ways and Means Committee, introduced the New Markets Tax Credit Extension (NMTC) Act of 2023. This bipartisan legislation would make the NMTC permanent, index the allocation to inflation in future years, and exempt NMTC investments from the Alternative Minimum Tax. Tenney led this piece of legislation

Form 10-Q MainStreet Bancshares, For: Mar 31

Dakota Business Lending Allocates $7.5 million in NMTC Financing for Tecton Products Manufacturing Expansion

Dakota Business Lending is excited to announce that they have closed an allocation of $7,500,000 in New Markets Tax Credit (NMTC) allocation to support Tecton Products, LLC and the expansion of their manufacturing facility in Fargo. The new 150,000 square facility is being constructed on the site of Tecton Product’s existing Fargo location. It will allow Tecton Products to increase their product line capacities, upgrade and expand their tool and die equipment, add office space, and create a total of 140 full-time jobs in addition to their existing 250 employee workforce over the next seven years.

Dakota Business Lending receives $30 million New Markets Tax Credit

New investment funding available for some North Dakota businesses

Program brings infrastructure, investment to NM » Albuquerque Journal

New Markets Tax Credits - How To Go About Getting Your Project

What do New Markets Tax Credits ( NMTC ) 1 mean to a qualifying project? Here are a few thoughts: (i) a project, which has acquired traditional debt, invested its own equity, and secured additional incentives, but still falls short of its total financing needs, can make up the gap by accepting a capital injection that does not require repayment; (ii) the opportunity to gain access to non-conventional financing, with lower than market fixed interest rates, higher loan-to-value ratio and lower debt service coverage, with seven years of interest-only payments; and (iii) low cost capital for impactful projects that benefit economically distressed communities which can provide a

Lawmakers, Community Development Leaders Celebrate NMTC 20th Anniversary as Tax Credit Extension Deadline Looms

Share: WASHINGTON, Dec. 10, 2020 /PRNewswire/  Tax policy trends and plans for 2021 were the focus as the New Markets Tax Credit (NMTC) Coalition held its annual NMTC Conference yesterday. The event, held virtually for the first time, saw record attendance and featured several members of Congress, former Clinton and Obama officials and the CDFI Fund Director as keynote speakers and marked the 20 th Anniversary of the law establishing the New Markets Tax Credit (NMTC). The Community Renewal Tax Relief Act was signed into law by President Bill Clinton on December 21, 2000.   The conference also included insights from NMTC experts and featured the release of a new report,