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The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Treasury Department, announced the recipients of $3.5 billion in New Markets Tax Credit (NMTC) allocations for 2019. The awards include $60 million for LISC, which will be deployed through its subsidiary, the New Markets Support Company (NMSC). Since its inception, NMSC has ...
At NMSC, we invest and help our partners invest in impactful, empowering projects in low-income communities throughout the country. Our Annual Impact Report tells the story of our 2018 impacts on both fronts, from our focus on job creation and rural development to the impact of our clients through our growing partner services business.
NMSC provided favorable financing to Aura through our Bremer Bank Loan Fund to purchase new equipment and accommodate further expansion into new products and business lines. The New Markets Tax Credt (NMTC)-enhanced loan fund is dedicated to supporting small businesses in the rural Midwest.