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NMTC Coalition Report: $5.8 Billion in NMTC Investment in 2017

Friday, June 15, 2018 - 1:00PM

The New Markets Tax Credit (NMTC) program created $5.8 billion in total project investment and 60,000 jobs in 2017, according to the 2018 New Markets Tax Credit Progress Report, released last week by the New Markets Tax Credit Coalition. The annual report included information from 89 community development entities, covering 81 percent of NMTC activity in 2017. The report stated that 83 percent of NMTC projects in 2017 were in severely distressed communities, which far exceeds the statutory requirements.

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