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Stakeholders Urge Extension of NMTC Program

Friday, March 7, 2014 - 8:00AM

A group of more than 1,400 businesses, investors, nonprofit organizations and community leaders yesterday sent letters to the House and Senate tax-writing committees, urging legislators to extend the New Markets Tax Credit (NMTC) program. The letters describe the NMTC as an effective community development tool that has directly created more than 550,000 jobs and leveraged $60 billion in capital investment since 2003.  

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