New Markets Tax Credits and Supply Chains: Funding Strategic Growth
February 11, 2022
Tax Beat hosts Brooks and Sarah continue a focus on strategic planning issues for companies that are onshoring, expanding and relocating operations. In this episode, the issue faced by many companies is finding funding sources to support their growth plans. One solution is the New Markets Tax Credit (“NMTC”) which facilitates private investment into low-income and targeted communities. Peter Byford with TAG by Cherry Bekaert answers questions about how the New Markets Tax Credit program works and when companies may access NMTC backed financing.
Topics discussed include:
3:00 – Overview of the New Markets Tax Credit program
6:02 – Role of TAG by Cherry Bekaert
7:24 – How companies benefit from NMTC backed financing
8:36 – Examples of funding for facilities and equipment