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Tag Archives: Jetson G. Hollingsworth

LAW ELEVATED — How companies can subsidize project costs with The New Markets Tax Credit Program

By now most Mississippians have at least heard of the New Markets Tax Credit (“NMTC”) Program. On May 23, 2019, the Community Development Financial Institutions Fund (the “CDFI Fund”) awarded 73 Community Development Entities (“CDEs”) $3.5 billion in NMTC allocation authority in the calendar year 2018 round of the NMTC Program. To date, a total of 114 businesses and revitalization ...

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