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Mapping Opportunities: Local NMTC Eligibility Area Maps

Mapping Opportunities: Local NMTC Eligibility Area Maps

by kaitlyn | Sep 5, 2024 | Blog, Magazine

Featured in  The New Markets Tax Credit (NMTC) program was created to incentivize investment, community development, and economic growth in low-income and distressed areas across America.  But what are these areas and where are they located in North Dakota? Let’s dive...
Why Invest in New Market Tax Credits: Insights from Local Banks

Why Invest in New Market Tax Credits: Insights from Local Banks

by kaitlyn | Sep 5, 2024 | Blog, Magazine

Featured in  A key part to making the New Market Tax Credits (NMTC) program successful is the partnerships and investments by community banks and lending partners. There are two avenues that banks are involved in the NMTC process: as a leverage lender and as an...
Pay It Forward: Taking NMTC’s Transformative Power One Step Further

Pay It Forward: Taking NMTC’s Transformative Power One Step Further

by kaitlyn | Sep 5, 2024 | Blog, Magazine

Featured in  The New Markets Tax Credit (NMTC) program is not just about economic development…it’s about truly making an impact on local communities. That’s why Dakota Business Lending developed the Pay-It-Forward initiative. With every NMTC project, DBL asks each...
Revitalizing Communities: Using New Market Tax Credits to Drive Economic Change

Revitalizing Communities: Using New Market Tax Credits to Drive Economic Change

by kaitlyn | Sep 5, 2024 | Blog, Magazine

Featured in  The New Market Tax Credits (NMTC) program is a powerful tool for driving economic growth and revitalization in areas across the nation that need it most. To learn more about the transformative power of NMTC and how it has impacted local economies in North...
Navigating NMTC Eligibility: Basic Application Checklist and Impact Requirements

Navigating NMTC Eligibility: Basic Application Checklist and Impact Requirements

by kaitlyn | Sep 5, 2024 | Blog, Magazine

Featured in  The New Markets Tax Credit (NMTC) program is highly competitive and has several specific eligibility requirements. It is important that businesses give Dakota Business Lending (DBL) detailed and comprehensive information so it can be determined whether...
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