New Markets Tax Credit: 25 Years of Community Investment

Federal Reserve Governor Michael Barr celebrates the New Markets Tax Credit's 25-year impact on underserved communities, calling its permanent extension a historic achievement. Discover how this bipartisan program, offering a 39% tax incentive, drives investment, creates jobs, and revitalizes overlooked areas, fostering economic growth for both local communities and the nation. Hear personal anecdotes from Barr's time with President Clinton, highlighting the program's enduring importance and promising future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.