NMTC Coalition Report: $156 Billion in Economic Activity, 1 Million Jobs Created by NMTC

Friday, December 8, 2017 - 2:45pm

Investments in new markets tax credit developments (NMTC) from 2003-2015 generated more than $156 billion in economic activity and created 1,013,837 jobs in low-income rural and urban communities, according to the third edition of the NMTC Economic Impact Report, released today by the New Markets Tax Credit Coalition. The report, which is based on U.S. Treasury Department data and survey data, states that the federal tax revenue generated by NMTC investment more than pays for the cost of the program.