Sending Office: Honorable Terri A. Sewell
Sent By:
Evan.Giesemann@mail.house.gov
Today (Friday, May 10) at 3:30 p.m.
Dear Colleague:
Please join me for a briefing about the New Markets Tax Credit (NMTC) and learn how it contributes to community development and economic growth across the country.
The NMTC was established in 2000 and has proven to be a cost-effective incentive that spurs private investment in low-income rural communities and urban neighborhoods where access to capital is often extremely limited. NMTC attracts capital to underserved
areas by providing private investors with a 39 percent credit against federal income taxes for investments made in some of the most distressed communities in the nation.
Come hear from experts about the impact of the NMTC, including how the tax credits are allocated and applied to critical economic development projects.
What: New Markets Tax Credits and Economic Development in Our Communities
When: Friday, May 10 at 3:30 p.m.
Where: 2456 Rayburn
Panelists:
- Kermit Billups, Greenline Ventures
- Jennifer Bransfield, Chicago Neighborhood Initiatives
- Ryanne E. Shuey, PNC
- Charles J. Spies III, CEI Capital Management
If you have questions or would like to RSVP, please contact Evan Giesemann with Congresswoman Sewell’s office at Evan.Giesemann@mail.house.gov.
Sincerely,
Terri A. Sewell
Member of Congress
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