American Banker New Market Tax Credit Article

Dear Congress: Don’t lose New Markets credit in tax reform deal

“NMTC is the source of many happy endings in economically fragile communities. “Everyone wins,” said Bob Jones, whose United Bank financed Monroe County Hospital with NMTC. “Not only does the project create 21 new jobs in a town of 6,100, but the 33,000 residents of Monroe and adjacent Wilcox County get access to better health care, and the project enhances the local tax base.””