The New Market Tax Credit (NMTC) was created by Congress to address the lack of capital available to business and economic development ventures in federally defined “distressed census tracts” throughout the country. The NMTC provides the incentive of a 39% federal tax credit to qualifying investors.

 

IADG works closely with the Iowa Community Development and Iowa Business Growth to help market this economic development tool. The attached maps detail qualifying census tracts throughout Iowa.

 

Call IADG at 800-888-4743 to learn more about Iowa Community Development, Iowa Business Growth and the New Market Tax Credit.