Great Lakes Capital Fund has been involved in the New Markets Tax Credit (NMTC) program since 2006 as part of our greater commitment to economic and community development. The NMTC program offers a 39% federal income tax credit for investments in qualifying businesses in low-income areas. The program is administered by the Community Development Financial Institutions Fund (CDFI), a division of the Department of Treasury. The NMTC program is a flexible, efficient and dynamic tool for bringing tax credit equity and flexible debt financing to business ventures in distressed communities.
- For more information on our own NMTC allocation and our CDE affiliate, CapFund New Markets, LLC, please click here.
- For more information on Fund Management and other services provided to other CDEs and investors, please click here.
- For information on the staff members in our NMTC group, please click here.
- For useful NMTC-related links and information on our partners, please click here.