October 2023
The New Markets Tax Credit (NMTC) was established in 2000. The credit has been used to incentivize investors to finance and start projects in low-income communities. New investments in these areas often help the community as a whole by making them look and feel better, creating jobs and decreasing crime. Programs like the NMTC also address community blight, such as outdated facilities, empty buildings and poor access to vital services like healthcare and education.
