The New Market Tax Credit Program (NMTC) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate project located in low-income communities. The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs).
The Florida New Markets Development Program (NMDP), created in 2009 and modeled after the Federal NMTC Program, has helped entrepreneurs in targeted small businesses, located in low-income communities, create job and expand their business by providing them with much needed growth capital. This program is unique in that state investment is not made unless private dollars are deployed in low-income communities.
To learn more about the NMTC Program and/or to find out if your project or business qualifies, please plan on attending the “Learn How New Markets Tax Credits Stimulate Growth” workshop on April 2, 2015.
“Learn how New Markets Tax Credits Stimulate Growth”
Thursday April 2, 2015
8:30 a.m. to 12:30 p.m.
Central Florida Development Council
2701 Lake Myrtle Park Road
Auburndale, FL 33823