The New Markets Tax Credit Program: Will it Live Up to Its Potential?
Small business markets in America’s inner cities and distressed rural areas are essential to our local economies. According to the U.S. Small Business Administration, there are 22.9 million small firms in the United States which provide approximately 75 percent of the net new jobs added to the economy and employ more than half of all private-sector employees. However, many small businesses in isolated inner-city or rural locations are cut off from mainstream capital networks.
Suggested citation: “The New Markets Tax Credit Program: Will it Live Up to Its Potential?” Community Reinvestment Forum, Fall 2003, 10.01.2003.