Bridging the Investment Gap: Flexible, Forgivable Capital for Spokane

Of the $5 Billion in New Markets Tax Credits awarded by the US Treasury in 2023, Spokane projects received zero.

The City of Spokane’s Community and Economic Development Division is hosting a first-ever educational forum on February 28, 2024, to share the transformative power of the New Markets Tax Credit Program (NMTC) and how it can be a game-changer for a variety of projects that create jobs and provide services in distressed census tracts.

The New Markets Tax Credit program was designed to increase the flow of private sector capital to businesses, nonprofits, community facilities, and other important projects in economically distressed neighborhoods.

Engage with bankers, lenders, developers, tax attorneys, manufacturers, and other industry leaders as experts unravel the intricacies of the The New Markets Tax Credit program was designed to increase the flow of private sector capital to businesses, nonprofits, community facilities, and other important projects in economically distressed neighborhoods. program. Gain insights into how the program works and understand eligibility criteria to harness benefits for local projects.

Speakers include:
Lisa Brown, City of Spokane Mayor
Carol Mihalic, Partner – Kutak Rock, Denver
Drew Hammond, VP & Business Development Officer – U.S. Bank, Seattle
Steve MacDonald, City of Spokane Community & Economic Development Director

Register now to secure your spot at the New Markets Tax Credit event!

To learn more about the NMTC program, please visit https://nmtccoalition.org/.