Skip navigation
  • New Markets Tax Credit Program

    The federal New Markets Tax Credit (NMTC) program serves as a resource to help fuel job creation and economic development efforts by promoting equity investment in low-income urban and rural communities. WHEDA awards NMTCs to enhance financing for projects in highly distressed areas throughout Wisconsin that have demonstrable community impact.

    Since 2004, WHEDA has received $500 million in NMTCs to foster business development in Wisconsin. 

    Impact on Employment

    WHEDA’s tax credit investments have created and/or retained thousands of jobs for the state of Wisconsin in categories such as: 

    • Direct Jobs - Full-time employment (FTE) or FTE-equivalents
    • Indirect Jobs - Jobs businesses create as a result of direct hiring
    • Induced Jobs - Jobs area businesses create as a result of increased economic activity
    • Temporary Construction Jobs

    Benefits to Businesses

    Businesses involved in NMTC deals can obtain benefits including lower interest rates on loans, interest-only payments for seven years, non-traditional financing not available in the marketplace, access to a reduced cost of capital, and more. NMTC recipients include manufacturers, small technology firms, inner-city shopping centers, commercial real estate developments, retail stores, hotels, and health care facilities.

    Projects must be located in highly distressed census tracts – which are determined by factors such as poverty rates, unemployment rates and the percentage of median family income. The NMTC is a competitive program administered by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.

  • Nondiscrimination Statement

    In accordance with federal law and U.S. Department of the Treasury policy, Greater Wisconsin Opportunities Fund, Inc. is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability.  To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C.  20220 or call (202) 622-1160.