Latest News
- NCFC Commends Passage of Thursday, Nov 08, 2012
WASHINGTON, DC, November 8, 2011 – The National Coalition for Capital (NCFC) announced its support today Read More
- Rupp Wants New Markets Monday, Mar 12, 2012
The program has helped bring millions in private investment, new jobs and economic stability.
It is Read More
- Treasury Announces $3.6 Billion Thursday, Feb 23, 2012
CDFI Fund News: February 23, 2012
New Orleans, LA – Emphasizing the Obama Administration’s focus on economic Read More
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Thursday, Nov 08, 2012
NCFC Commends Passage of Small Company Formation Act
WASHINGTON, DC, November 8, 2011 – The National Coalition for Capital (NCFC) announced its support today for the Small Company Capital Formation Act (HR 1070), which passed the House last Wednesday by a vote of 421-1.
“Now more than ever, it’s important for Congress to strongly support access to capital policies that allow small businesses to thrive and prosper,” said Michael Votta, President of the NCFC. Votta continued, “Representative Schweikert’s Small Company Capital Formation Act is an
Monday, Mar 12, 2012
Rupp Wants New Markets Development Program Extended
The program has helped bring millions in private investment, new jobs and economic stability.
It is hard to believe that time has gone by so quickly. It seems like just yesterday that I created the New Markets Program in Missouri to help small businesses that could not get bank loans to expand and hire more Missouri workers.
That program has been a huge success, which was highlighted by a recent report that shows more than $900
Thursday, Feb 23, 2012
Treasury Announces $3.6 Billion in NMTC Awards to Revitalize Low-Income and Distressed Communities
CDFI Fund News: February 23, 2012
New Orleans, LA – Emphasizing the Obama Administration’s focus on economic recovery in distressed areas, U.S. Department of the Treasury’s Deputy Secretary Neal Wolin, joined by U.S. Senator Mary Landrieu, U.S. Representative Cedric Richmond, and Community Development Financial Institutions Fund (CDFI Fund) Director Donna J. Gambrell, today announced $3.6 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking on the site of a redeveloped military base, Deputy Secretary Wolin announced
Friday, Jan 27, 2012
Bill Introduced to Encourage NMTC Investment in Hawaii
The Hawaii State Legislature on Wednesday introduced two bills to allow guarantees and credit enhancements to community development entities (CDEs). The companion bills, known as S.B. 2895 and H.B. 2387, also increase total maximum funding amounts from $250,000 to $5 million that a CDE can receive from loans, guarantees and credit enhancements. The provisions are designed to facilitate private lenders' participation in new markets tax credit (NMTC) financing and monetization of existing project assets for
Wednesday, Jan 25, 2012
FACT SHEET: President Obama’s Blueprint to Support U.S. Manufacturing Jobs, Discourage Outsourcing, and Encourage Insourcing
In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, encouraging companies to create manufacturing jobs in the United States while removing deductions for shipping jobs overseas and encouraging insourcing. During the past two years, we have begun to see positive signs in American manufacturing – with the manufacturing sector adding more than 300,000 jobs since December 2009, with companies engaging in the emerging trend of “insourcing”
Tuesday, Jan 24, 2012
President Obama, State of the Union Address
On Tuesday, the President addressed the need to help help start-ups and small businesses succeed and create jobs by reforming regulations and expanding tax relief: Start-ups and small businesses create most of the new jobs in this country. The President is proposing to build on measures he has already taken to enact 17 small business tax cuts and expand access to capital for small businesses by reforming regulations that prevent entrepreneurs from getting financing and by
Monday, Jan 16, 2012
Indiana Proposes NMTC Program
Indiana State Reps. Suzanne Crouch (R) and Peggy Welch (D) last week introduced H.B. 1248 to create the New Markets Job Growth Tax Credit. The program would provide a state tax credit equal to 39 percent of the purchase price of a qualified investment, which the bill limits to $10 million per transaction. The bill states that the applicable percentage is 0% for the first and second credit allowance dates, 7% for the third credit allowance
Tuesday, Sep 13, 2011
National Coalition for Capital Encourages the President to Expand the New Markets Tax Credit Program
Dear Mr. President,
The National Coalition for Capital (NCFC) advocates innovative access to capital policies that enable the growth of small businesses. We are a non-profit, nationwide coalition of leaders supporting economic development and job creation through long-term access to capital for entrepreneurs and emerging companies. Our mission includes serving as a resource for promising young companies across the nation, as well as entrepreneurs, investors, economic developers, and other stakeholders within the emerging investment infrastructure. We also
Monday, Oct 11, 2010
New Markets loan program tosses small Illinois firms a lifeline
Late last year, when it needed more capacity at its Far West Side plant, Charter Steel Trading Co. counted itself lucky to find a nearby building that had been abandoned by rival Leeco Steel Co. But how to finance the deal?
Charter, a processor of steel coils with annual revenue exceeding $50 million, took advantage of a little-noticed initiative called the New Markets Tax Credit Program offered by the state and federal government. It provides tax
Wednesday, Jul 22, 2009
The National Coalition for Capital Honors The 2009 Champion of Small Business Award Winners
Washington, D.C. –The National Coalition for Capital has announced the winners of its 2009 “Champion of Small Business” Awards. Recognized for their ongoing efforts to promote economic development, the 2009 winners were honored at the National Coalition for Capital Annual Awards Ceremony and Dinner on July 21st at The Capital Grille restaurant in Philadelphia. The awards dinner took place during the National Conference of State Legislatures, which is also being held in Philadelphia this week.
“The National