NMTC Coalition Releases Economic Impact Analysis

The New Markets Tax Credit (NMTC) Coalition releasedA Decade of the New Markets Tax Credit: An Economic Impact Analysis,” a report on the economic impact of the New Markets Tax Credit (NMTC) program from 2003 to 2012. The report gives a brief history of the NMTCs for the past decade and identifies how many jobs were created as a result of the program, analyzes investment trends within the industry, and discusses the direct and indirect economic effects of the program. From 2003 to 2012, NMTC investments generated nearly $118 billion in economic activity, creating more than 744,000 jobs in low-income rural and urban communities, according to the report. The report also found that the federal revenue generated by NMTC investments more than pays for the cost of the program.

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