New Markets Tax Credit Program

New Markets Tax Credits (NMTC) works to encourage and jumpstart investment in low-income census tracts to create jobs and bring new opportunities to qualifying areas. The goal of the NMTC award is to fill a financing gap for transformative projects which bring opportunities to low-income or distressed areas.

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Amount

Minimum: $1,500,000

Resource Provider
Founded in 1982, Dakota Business Lending is the oldest, largest, and most experienced 504 CDC in North Dakota. The mission of this private, not-for-profit entity is to build lasting relationships and drive economic growth by being the premier small business resource in our footprint. Along with business financing programs, Dakota Business Lending also offers several resources to help small businesses start, grow, and expand such as the Entrepreneur District and ACTIVATE.
Resource Type
Tax Credit and Exemption
Location
All
Purpose
Equipment, Inventory, Real Estate, Renovation to Real Estate, Startup, Working Capital
Industry
Agriculture, Childcare, Communications, Communities, Construction, Energy, Ethanol, Exporting, Finance, Food Service, Healthcare, High Growth, Hospitality, Information Technology, Manufacturing, Other, Primary Sector, Professional Services, Real Estate, Retail, Tourism, Transportation, Utilities, Value-Added
Business Stage
Existing Business, New Business
Deadline
Contact
Any Loan Officer
(701) 293-8892

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