Category: State Incentives, Tax Incentives
AGENCY: New Mexico Finance Authority (NMFA)
DESCRIPTION: The NMFA has the authority to form, operate, own, or co-own any number of qualified community development entities to participate in the federal New Markets Tax Credits Program. The program was established primarily to provide greater access to financing for new, expanding or relocating businesses in underserved areas across the state.
• The NMFA was awarded an allocation of $110 million in New Markets Tax Credits.
• Approximately $35 million in capital may be raised.
• Make qualified low-income community investments.
• Visit www.nmfa.net or call (505) 984-1454.