- 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 15 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 program, providing guidance through its inaugural stages and access to resources and tools.
In the competitive market for new markets tax credit (NMTC) allocation authority, loan funds may provide an edge. By reducing transaction costs, loan funds facilitate qualified low-income community investments (QLICIs) of $2 million or less (small-dollar QLICIs), investments in small businesses and flexible terms. Loan funds are also used with larger QLICIs to reduce transaction costs and increase the benefits provided to borrowers.
For 15 years, LISC has been investing in Kalamazoo's historic Edison neighborhood, where decades of deindustrialization and decline had severed residents from jobs, educational opportunities and accessible healthcare. Today, gleaming new community facilities and flourishing small businesses are generating good jobs, and preparing people for employment. And resident-led projects to beautify the district and create social bonds are nudging the neighborhood into a more connected, dynamic future.
Bruce Katz and Jeremy Nowak of The Brookings Institution will create an "Investment Prospectus" to enable cities, counties and states to identify concrete investable projects and propositions in designated Opportunity Zones, a typology of designated census tracts to identity investment possibilities of distinct urban geographies and an Institutional Audit that cities can use to assess the capacities of their current institutions to utilize the Opportunity Zones tool.