By the Numbers:
New Markets Tax Credit Program
(2003-2009 data)
New Markets Tax Credit program is a cost-effective way to create and sustain jobs and investment in communities with high rates of poverty and unemployment. The program uses federal tax credits equaling 39 percent of the investment allocated over a seven-year period. These investments are made to spur community and economic revitalization.
The following numbers, developed by the New Market Tax Credit Coalition, provide an interesting snapshot on the impact of the program since its inception in 2003
