New Markets Support Company
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.
News and Stories
From National LISC:
11.21.2018
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LISC Stories,
Borrower Spotlights,
Fund ManagementA Small Business That Puts People on Par with Profits
Parent company LISC featured NMSC borrower, Ovenly, for their Small Business Saturday spotlight! Ovenly is a beloved Brooklyn-based bakery and small business committed to providing quality jobs for people who have been denied access to economic opportunity. Ovenly is the first recipient of a loan from our Good Jobs Fund.
From National LISC:
8.29.2018
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In the News,
Opportunity ZonesWhat It Will Take to Keep the Promise of Opportunity Zones
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."
8.08.2018
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In the News,
Opportunity Zones
Community Development Experts Discuss a Shared Framework for Evaluating Impact of Opportunity Zone Investments
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.