Colleges and universities are continually investing in their campuses, facilities, and communities. Yet many institutions don’t realize that a powerful funding resource may already be available to help reduce their costs: the New Markets Tax Credit (NMTC) Program.
The NMTC is a federal community development program designed to encourage investment in economically distressed communities. For many higher education institutions, campus locations or planned project sites may already meet the program’s geographic qualifications.
View this video to see whether the NMTC Program can help reduce costs and expand what is possible for your institution.
If you have questions or need assistance, please reach out to a professional at Forvis Mazars.