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. To date, Great Lakes Capital Fund manages $314 million of New Markets Tax Credit allocation on behalf of our own allocatee and other community development entities. 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, visit our CapFund New Markets, LLC page.
• For more information on Fund Management and other services provided to other CDEs and investors, please visit our Fund Mangement and Other Services page.
• For information on the staff members in our NMTC group, please visit our Staff page. 
• For useful NMTC-related links and information on our partners, please visit our Useful Links and Partners page.