As we (NMTCeXchange,LLC) assist clients in their preparation for the upcoming New Markets Tax Credit(NMTC)Round, there will be a pause in today's activities as we anticipate the announcement of the awardees of last year's round (The 2007 NMTC Round). According to a Media Advisory recently released by the CDFIFund, Director Kimberly Reed will announce which entities across the nation were successful in receiving a portion of the $3.9B in New Markets Tax Credit Allocation.
Good luck to all those awaiting announcement, and congratulations to all of the small businesses, projects, real estate deals, and more importantly communities that will benefit from this additional investment capacity.
As with the Super Bowl, NBA Championship or any other major announcement of achievement or award, today is the day we are informed of the winners from "last season" however and undoubtedly, we will immediately resume our activities associated with producing the "champions" and winners for next year's round - the $3.5B 2008 NMTC Round.
We look forward to this time next year!
Contact NMTCeXchange today for CDE (Certified Development Entity) needs or New Markets Tax Credit Services.
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