Exploring the New Markets Tax Credit (NMTC) Projects in Chicago
Nagai, Manabu
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https://hdl.handle.net/2142/105548
Description
Title
Exploring the New Markets Tax Credit (NMTC) Projects in Chicago
Author(s)
Nagai, Manabu
Contributor(s)
Greenlee, Andrew
Issue Date
2019
Keyword(s)
tax credit
economic development
Geographic Coverage
Chicago, Illinois
Abstract
This research project sheds light on the New Markets Tax Credit (NMTC) program with an emphasis on actual projects conducted in the City of Chicago. Since established in 2000, the NMTC program has supported launching many development projects and extending existing businesses in disadvantaged areas. The primary research purpose of this report is to determine whether these projects are proportionately dispersed in Chicago at a horizontal or vertical level because that is the primary intention of the program.
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