2017 NMTC Coalition Policy Conference Recap

A round-up of pictures and social media from the 2017 NMTC Coalition's Policy Conference in Washington, DC

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  1. On Wednesday, June 7th, the New Markets Tax Credit Coalition held its New Markets Tax Credit Annual Policy Conference. The event featured the release of the new 2017 NMTC Progress Report—the thirteenth edition of the report. The Coalition’s Board President Robert Davenport, a longtime NMTC practitioner and president of the National Development Council, emceed the event.
  2. Paul Anderson, the author and designer of the report presented his findings during the opening plenary. As in the past, the report featured survey data from the most recent calendar year. The findings documented the flexibility and impact of the NMTC in meeting the ever-changing needs of distressed communities, helping create jobs and grow business opportunities. Projects represented 80 percent of those financed in 2016 and ranged from more traditional industry and community sectors to new and cutting-edge technology,including rural and urban incubators, small business loan funds, main street tourism, health clinics, manufacturing, schools and even robotics.
  3. Politico's tipsheet gave a shout-out to the report, as did many local business journals. Below are some samples:
  4. Annie Donovan, CDFI Fund Director provided a keynote at the one-day policy conference, providing great insight on happenings at the agency. Attendees also engaged with panels that included senior CDFI Fund staff, experts on NMTC and the law, and a fish bowl discussion with key NMTC investors. At lunch, the group had the opportunity to hear from Bob Rapoza on the legislative landscape and talk tax reform with Beth Bell from Senator Cardin's office, who is an NMTC Champion and Senior Finance Committee member, as well as Nick Wyatt from the Senate Finance Committee majority staff.
  5. In the afternoon, conference attendees headed up to Capitol Hill for congressional meetings, followed by a reception in the Russell Senate Office Building.Senator Ben Cardin (D-MD), the lead Democratic cosponsor on the NMTC bill in the Senate (S. 384), gave a powerful speech on the impact of the NMTC,including over $80 million in NMTC investments in low-income communities and the creation of 750,000 jobs. Congressman Earl Blumenauer also attended and spoke about the need for continued investment in distressed urban and rural communities and the proven effectiveness of the NMTC in driving capital to areas that need it most.
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  7. In addition to this successful week advocating for the NMTC, the Coalitionworked with Congressmen Pat Tiberi (R-OH) and Richard E. Neal (D-MA) on anop-ed highlighting the importance of making the NMTC permanent, which wasfeatured today in The Hill.
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