<p>Coalition Reviews New Markets Tax Credit Impact in 2018</p>

Coalition Reviews New Markets Tax Credit Impact in 2018

New Markets Tax Credit Coalition

Community development entities using the new markets tax credit in 2018 created 58,360 jobs, including 32,917 full-time-equivalent jobs, and nearly 80 percent of projects receiving NMTC allocation were in “severely distressed communities,” according to a July report by the New Markets Tax Credit Coalition.

<p>Community development entities using the new markets tax credit in 2018 created 58,360 jobs, including 32,917 full-time-equivalent jobs, and nearly 80 percent of projects receiving NMTC allocation were in “severely distressed communities,” according to a July report by the New Markets Tax Credit Coalition.</p>