<p>Report: NMTC Projects Created More Than 60,000 Jobs in 2017</p>

Report: NMTC Projects Created More Than 60,000 Jobs in 2017

New Markets Tax Credit Coalition

Projects financed by the new markets tax credit in 2017 created 60,090 jobs, including 35,283 full-time-equivalent jobs, and 83 percent of those projects were in “severely distressed communities,” far exceeding statutory requirements for the tax expenditure, according to a June report by the New Markets Tax Credit Coalition.

<p>Projects financed by the new markets tax credit in 2017 created 60,090 jobs, including 35,283 full-time-equivalent jobs, and 83 percent of those projects were in “severely distressed communities,” far exceeding statutory requirements for the tax expenditure, according to a June report by the New Markets Tax Credit Coalition.</p>