New Market Tax Credits (NMTC) are a tool for creating jobs in markets where economic growth has been a challenge.
The NMTC program was established as part of the Community Renewal Tax Relief Act of 2000. The goal of the program is to spur revitalization efforts of low-income and impoverished communities across the United States. The NMTC Program provides additional capital to projects located in low-income communities that provide impactful community benefits.
Twenty-five areas including all of Platte County, have already been approved by Governor Mead as Opportunity Zones. For a full list of the Opportunity Zones in Wyoming, select the first article below.
Want more information? These articles will give you additional information and resources on these programs.
Wyoming Business Council Opportunity Zones webpage
Laramie Chamber Business Alliance news article
Novogradac & Associates NMTC Resources page
The State of Wyoming’s Economic Development Agency webpage
Town of Thermopolis Approved as an Opportunity Zone