New Market Tax Credit Program
The New Market Tax Credit (NMTC) Program provides investors with a 39 percent federal tax credit over a 7 year period for making qualified equity investments in designated Community Development Entities (CDEs).
A CDE is an organization whose primary mission is serving or providing investment capital to benefit low-income persons or low-income communities.
The following organizations were awarded NMTC allocations in the 2008 round of funding. Please contact them directly to inquire about their NMTC programs:
Milwaukee Economic Development Corporation (MEDC)
Contact Person: David Latona
Wisconsin Business Growth Fund
Contact Person: Joe Wolfe
Johnson Community Development Company
Contact Person: Debra Amann
Wisconsin Community Development Legacy Fund, Inc.
Contact Person: Farshad Maltes