Economic Development
The New Markets Tax Credit (NMTC) is a federal economic development incentive program that attracts private investor capital to community economic development projects. Created in 2000, the NMTC has attracted billions to business, health care, education and other projects across America.
- Lead. New Markets Tax Credit transactions involve multiple stakeholders and interests. As a Community Development Entity (CDE), Travois leads all parties through a collaborative process to structure and close NMTC transactions that create minimum transaction costs and maximum community benefits.
- Advocate. Our goal is to see that Indian Country, Alaska Native areas and Native Hawaiian communities reap the full potential benefit of the NMTC program. NMTCs are allocated nationwide, and competition among project sponsors is intense. As an advocate for Indian Country, We leverage our national relationships to secure NMTC allocation and investment equity for our service area.
- Educate. You know where you want to go; we can help pull some of the weight. Travois can work with tribal councils, decision-making boards and other stakeholders to provide accurate information about NMTCs to inform community choices.
Administered by the Community Development Financial Institutions Fund (CDFI Fund), the New Markets Tax Credit program allocates NMTCs to Community Development Entities. CDEs partner with leverage lenders and NMTC investors to provide low-cost, flexible debt or equity to projects. Projects are referred to as qualified active low income community businesses (QALICB).
As an independent CDE, Travois works with a vast network of leverage lenders and NMTC investors to serve a diverse, nationwide service area comprising the Native communities of the United States.