U.S. Treasury to Announce New Round of NMTC
The U.S. Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will announce this afternoon the recipients chosen to receive an allocation through the New Market Tax Credit Program (NMTC). These credits are designed to increase capital investments in low-income communities.
Fayetteville Schools Feature Y.E.S. Participants
Several Holt Middle School 7th grade students had the chance to turn their ideas for starting a business into reality when they were selected to sell their products at an Expo in Little Rock by the Y.E.S. for Arkansas Empowering... Read More →
Youth Entrepreneur Showcase Announces Winners at Expo
Y.E.S. for Arkansas, a statewide business plan competition for fifth to eight graders, announced the winning teams today following Expo Day at Park Plaza Mall. Twenty-six finalist teams were previously selected as those with the Best Business Plans and Most... Read More →
NMTC Extended for Two Years
At this hour the House of Representatives has just passed HR 8, The American Taxpayer Relief Act, by a vote of 257-167. The bill includes provisions to dodge the fiscal cliff on taxes and postpones for two months the across... Read More →
2012 Round of NMTC Allocation Awards in April
The CDFI Fund gave word today that they will make the 2012 Round of NMTC Allocation Awards in April. In case you missed it, below is their short release: New Markets Tax Credit Program Update This morning President Obama signed the... Read More →
CDFI Fund Announces 2012 Round of Competition for New Market Tax Credits
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that the 2012 competition round for New Market Tax Credits was opening. The program, which was created in 2001, is in its tenth round of... Read More →
ASMSA Set to Build New Student Life Center
The Arkansas School for Mathematics, Science, & Arts is constructing a new student life complex that will include a residence hall for 250 students, dining hall, student lounge, and nursing office.
New Market Tax Credit Investments in Arkansas
If you’re interested in knowing where New Market Tax Credit Investments were made in our state, Novogradac & Company has compiled this information (dated through 2010) by state and census tract.
USDA B&I Program Expects Changes in FY2012
It appears that the B&I program is looking to be a strong program in FY2012. Fees may potentially increase, and there will be some staff changes at USDA, but USDA has assured the public that the program will still be... Read More →
SBA-Backed Loans in FY2011 Surpass Highest Volume in Agency’s History
SBA has published a press release highlighting the significant increase in the volume of sba-backed loans. The agency credits the loan incentives presented by the Jobs Act as a major factor. Read more…