Please join the Northeast-Midwest Institute for a two-part Congressional briefing on the implications of tax reform for the region's economy: first, on the New Markets Tax Credit Program; and second, on the Historic Tax Credit Program.
The New Markets Tax Credit (NMTC) has been a bipartisan effort to stimulate investment and economic growth in low-income communities, providing a federal tax credit of 39 percent, taken over seven years, for investments made in low income communities. The program has helped deliver billions of dollars annually to poor rural and urban neighborhoods with high unemployment and poverty and has led to substantial private investment in the Northeast-Midwest Region. The Tax Cuts and Jobs Act would terminate the NMTC on December 31st, 2017.
- Brett Theodos, Senior Research Associate, The Urban Institute
- Commissioner Chris Shaw, City of Dayton, OH
- Bob Rapoza, New Market Tax Credit Coalition
Moderating the panel will be Charlie Bartsch, NEMWI Senior Fellow. Presentations will be followed by a Q&A session with the panel.