2019 New Markets Tax Credits Workshop
|Date:||Feb 13, 2019|
|Time:||4:30 p.m. - 6:00 p.m.|
Stites & Harbison, PLLC, 400 West Market Street, Suite 1800, Louisville, KY 40202
Come join us to learn: (i) the basics of the NMTC program, (ii) the latest on NMTC pricing and the appetite for viable projects, (iii) how best to position your project to receive a NMTC allocation award, and (iv) what are the best practices to utilize NMTCs in metro or rural communities.
- Nicole Record, President, New Markets Tax Credits, Community Ventures
- Rob Bryant, CPA, Principal, Novogradac & Company LLP
- Judge B. Wilson II, General Counsel, Berea College
- Jim Seiffert, Member, Stites & Harbison, PLLC
It is anticipated that the U.S. Department of the Treasury’s CDFI Fund will announce the 2018/2019 New Markets Tax Credits (“NMTC”) allocation awards in March 2019. At that time, the CDFI Fund will award some $3.5 billion of NMTC allocations to be deployed in deserving projects across the country. Deserving projects are those that result in the creation of jobs and/or production of goods or services which significantly impact economically distressed low income communities.
“The federal New Markets Tax Credit is a unique and flexible community development tool with a successful track record, attracting investment capital and boosting economic activity in low-income areas. In fact, the NMTC has leveraged an unprecedented level of investment to low-income communities—generating about $82 billion in total capital investment through public-private partnerships that created more than one million jobs.”
RSVP by February 11th to Pam Keeney or call (502) 681-0328.