New Markets Tax Credit

The New Markets Tax Credit (NMTC) is a federal program designed to encourage investment in low-income communities. It provides tax credits to investors who finance businesses and real estate developments in these areas. By offering a financial incentive, the NMTC aims to boost economic growth, create jobs, and improve local quality of life. Investors receive tax reductions over several years, making it attractive for them and helping businesses access capital that might otherwise be unavailable, fostering development in underserved regions.