New Markets Tax Credit Program (NMTC)

The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur new or increased investments into operating businesses and real estate projects located in low-income communities.

The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their Federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs).

The credit totals 39 percent of the original investment amount and is claimed over a period of seven years (five percent for each of the first three years, and six percent for each of the remaining four years). The investment in the CDE cannot be redeemed before the end of the seven-year period.

Qualified Sites in Laurens County

• Clinton 26 Commerce Park North
• Clinton 26 Commerce Park South
• Copeland Stone
• Joanna South
• Northside Industrial Site
• Piedmont
• Hunter Industrial Park

To learn more about Laurens County economic incentives, look here.