National report finds that New Markets Tax Credits continue to support economic growth and job creation
June 15, 2017
The New Markets Tax Credit Coalition recently released its 2017 New Markets Tax Credit (NMTC) Progress Report, which highlights the program’s success over the previous year in bringing much-needed investment to low-income populations, stimulating growth throughout the nation and creating jobs in economically distressed communities.
“The 2017 New Markets Tax Credit Progress Report reaffirms that the NMTC program continues to be an effective way to help create economic opportunity and address unemployment and poverty through impact investing,” said Michael Korengold, president and chief executive officer at Enhanced Capital. “As we continue our work, Enhanced Capital remains committed to attracting much-needed investments to low-income and rural communities to spur economic growth and community development.”