- Who We Are
- What We Do
- Our Impact
- Opportunity Zones
New Markets Support Company (NMSC) delivers creative financing solutions to empower underserved communities across the country. We increase access to capital by tailoring our products and services to meet the needs of our clients and partners. Over the past 14 years, we've invested more than $1 billion in distressed communities.
We are a subsidiary of the Local Initiatives Support Corporation (LISC), one of the country's largest community development financial institutions. NMSC and LISC are currently working towards the successful implementation of the new Opportunity Zones tax incentive, providing guidance through its inaugural stages, an FAQ page and access to resources and tools.
A deep-diving article in Next City plumbs the potential promise and perils of Opportunity Zones. Regulation and oversight of the tax incentive program are crucial to allaying displacement and making sure investments benefit under-resourced communities. LISC CEO Maurice A. Jones weighs in on the new wave of investors eager to get involved, noting that insuring transparency is key, so communities and their allies "really know what people are using this tool for and how they’re using it."
The New York Fed hosted a round table of community development investors, researchers, and practitioners to discuss the future of Opportunity Zones. Participants discussed the potential for a shared framework to evaluate the impact of investments in Opportunity Zones. NMSC CEO Kevin Boes stressed the importance including community members in conversations about Opportunity Fund investments to ensure their needs and priorities are met.
LISC New Markets and Growing Rural Communities Fund project, Phillips Wharf Environmental Center of Tilghman Island, was recognized for its innovative work in oyster aquaculture incubation and chosen as one of seven organizations nationwide to serve as a national model for traditional working waterfront communities seeking to strengthen the local economy.