Press Release
NMTC Funded 322 Projects, Nearly 60,000 Jobs Across the U.S. in 2023
–News Direct–
The New Markets Tax Credit Coalition today released its 2024 New Markets Tax Credit (NMTC) Progress Report, the 20th edition of the reportproviding analysis of NMTC activities in 2023. The report was prepared by the NMTC Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate for the NMTC. Every year since 2005, the NMTC Coalition surveys CDEs about their work, delivering billions of dollars to businesses, creating jobs, and rejuvenating the parts of the country that have been left behind. The annual NMTC Progress Report presents the findings of the CDE survey and provides policymakers and practitioners with the latest trends and successes of the NMTC.
This report shows the NMTC is an efficient and powerful tool that drives impactful investments to low-income communities, said Phil Glynn, NMTC Coalition Board Chair and President of Travois, a Certified B Corporation focused exclusively on promoting housing and economic development for American Indian, Alaska Native and Native Hawaiian communities. Two decades after its introduction, the NMTC remains one of the federal governments most effective tools for job creation and economic stabilization. These investments create high quality, accessible jobs in the communities that need them most.
Report highlights include:
JOBS AND INVESTMENT
- 322 projects totaling $7.6 billion received $4.5 billion in NMTC allocation (at a ten-year cost to the federal government of $1.17 billion).
- Projects generated 59,332 jobs in 2023, including 33,676 permanent full-time-equivalent (FTE) jobs and 25,656 construction jobs. The federal cost per job averaged under $20,000.
AREAS TARGETED
- Projects in 49 states, the District of Columbia, and Puerto Rico.
- Severe Distress: 84.5 percent of NMTC financing went to severely distressed communities and 28.1 percent to non-metropolitan counties.
- A record 19 projects totaling $313.9 million in allocation (7.1 percent of all allocation) were in Indian Country or in majority-Native American, Native Hawaiian, or Native Alaskan census tracts.
EQUITY PRICING
- NMTC equity pricing increased over the course of 2023. The median price reported was $.78, ranging from $.68 to $.92.
COMPONENTS OF PROJECTS
- Jump-starting American Manufacturing: NMTC financing supported 89 manufacturing and industrial businesses with direct loans and equity investments for working capital, new equipment, or new or renovated industrial space, including shared, light industrial space for multiple manufacturing businesses.
- Real Estate: NMTC financing supported the construction or renovation of 13.5 million square feet of real estate and the construction or renovation of 1,132 homes and rental units targeted at low-to-moderate-income households.
STRENGTHENING COMMUNITY ASSETS
- Expanding Access to Healthcare: The NMTC expanded healthcare access for residents of low-income communities through 89 projects. Those projects included 49 federally qualified health centers, safety-net hospitals, and free clinics.
- Expanding Access to Services: Sixty-one percent of projects (195) included at least one community facility, affordable housing, a nonprofit, or social service component. Those new community resources add up to nearly 350 nonprofits, health centers, childcare centers, libraries, community centers, and other community facilities and social service providers. Forty-two projects expanded access to vocational training, college and university facilities, financial education, support for entrepreneurs, or other adult education or workforce development programs.
- Project Selection Trends: In comparison to early in the program (2003-2010), in recent years (2018-2023), NMTC projects are much more likely to support healthcare, manufacturing, co-located social services, food banks, and services for people experiencing homelessness.
This year, 80 CDEs participated in the survey. Their answers were supplemented by data from the Office of the Comptroller of the Currency, Open Corporate, Loopnet, annual reports, and other online materials from NMTC-financed businesses and nonprofits.
Over the course of two decades, the data show the NMTC not only delivers an unprecedented level of capital to low-income rural and urban communities, but it also creates much-needed jobshelping individuals and families thrive and, in turn, grows those local economies where they live and work. In fact, since 2003, the NMTC has created more than one million jobs, said Coalition spokesperson Bob Rapoza.
The report showcases the importance of the NMTC in providing more than two decades worth of patient, flexible capital to businesses and projects located in distressed rural and urban communities, thereby creating jobs and growing business opportunities. The NMTC financing ranges from traditional industry and community sectors to new and cutting-edge technology. Projects and businesses that benefited from the Credit in the past year include manufacturing, healthcare, schools, and many others supporting childcare, youth, and families.
Rapoza notes, This report demonstrates that the NMTC has a 20-year track record of working, and Congress should, once and for all, expand and make the Credit permanent. It has the potential to positively impact communities across the country for decades to come.
About New Markets Tax Credit Program–The New Markets Tax Credit (NMTC) was enacted in 2000 to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today, due to the NMTC, over $135 billion is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. For more information, visit www.NMTCCoalition.org.
Contact Details
Greg Wilson
+1 571-239-7474
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/nmtc-funded-322-projects-nearly-60-000-jobs-across-the-u-s-in-2023-640480853
New Markets Tax Credit Coalition
COMTEX_453384167/2655/2024-06-05T08:41:23
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Press Release
PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions
Recently, the globally recognized cryptocurrency trading platform PBOGA officially announced a large-scale hiring initiative, with plans to recruit approximately 100 new employees. The recruitment effort spans multiple key sectors, including technology development, compliance auditing, risk management, marketing, and customer service, covering various levels of positions to support the rapid growth and business expansion of the platform. As the global cryptocurrency market continues to expand, PBOGA is actively scaling its team to enhance its technological competitiveness and service capabilities.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
This recruitment plan reflects the fast-paced growth and business expansion strategy of the platform, particularly in technology development. PBOGA is increasing investment in blockchain development, smart contract construction, cross-chain asset management, and trading system optimization. Newly hired technical personnel will be directly integrated into the core technology team to address increasingly complex market demands, ensuring transaction stability and a continuously improving user experience.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
Compliance and risk management remain critical aspects of platform operations. The newly recruited compliance auditors and risk management professionals will help PBOGA meet the increasingly stringent financial regulatory requirements across different jurisdictions. By expanding the scale and expertise of the compliance team, the platform aims to ensure that every transaction adheres to international regulatory standards, strengthening its overall risk control capabilities.
Marketing is another major focus of this recruitment effort. PBOGA seeks to hire professionals with an international perspective and cross-cultural communication skills to bolster its global branding and promotional efforts. The new marketing hires will focus on user acquisition, community engagement, and cross-regional brand communication strategies, ensuring that the PBOGA brand effectively establishes itself and gains widespread recognition in different markets.
(PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions)
The platform is also expanding its user support team. Additional customer service and technical support staff will provide 24/7, multilingual, and professional assistance to global users, addressing trading-related inquiries and enhancing overall user satisfaction.
This large-scale recruitment initiative highlights the steady growth of PBOGA within the cryptocurrency sector while signaling its continued commitment to investing in user service quality and technological innovation.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
On April 23, 2025, the cryptocurrency trading platform PBOGA officially obtained the Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) of the United States. The announcement of this milestone highlights the outstanding compliance management and reliability of PBOGA while laying a solid foundation for the future international expansion of the platform.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
Through this regulatory approval, PBOGA has demonstrated its robust financial supervision framework, stringent user asset protection mechanisms, and strong risk control measures. By adhering to strict compliance standards and a transparent fund management system, the platform effectively reduces transaction risks and uncertainties. Particularly in the current increasingly stringent global cryptocurrency regulatory environment, PBOGA has successfully earned the recognition and support of regulatory authorities by maintaining a clear and well-defined compliance framework.
With the MSB license now in place, PBOGA is well-positioned to expand its cross-border operations. Given the international recognition of the MSB license, the platform can now legally facilitate transactions involving users and capital flows from around the world, further increasing its trading volume and market reach. This certification also enhances the competitive edge of the platform in attracting institutional clients and professional investors, reinforcing its position in the market.
User security and fund protection have always been core operational principles for PBOGA. Following the acquisition of the MSB license, the platform will rigorously enforce Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. By continuously upgrading risk management technologies and enhancing account security measures, PBOGA effectively mitigates the risks associated with illicit fund flows, providing users with a safe and reliable environment for cryptocurrency investment and trading.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
Looking ahead, PBOGA will leverage the advantages of its compliance licensing to expand global business operations and establish stronger partnerships with financial institutions in various regions. The platform will also extend its compliance expertise across all business sectors, continuously addressing the evolving asset management needs of users while contributing to the long-term optimization and development of the global cryptocurrency trading ecosystem.
(PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts)
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Recently, the global cryptocurrency trading platform PBOGA officially obtained the Regulation D license issued by the U.S. Securities and Exchange Commission (SEC). This milestone marks a significant breakthrough in the international compliance efforts of PBOGA, positioning the platform more favorably in the global cryptocurrency market.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
The acquisition of the Regulation D license is of great significance to the business development of the platform. This license not only signifies that PBOGA has met the stringent standards of U.S. regulatory authorities in fund management, risk control, and financial auditing, but also underscores the commitment of the platform to compliance and transparency. With this license, PBOGA can legally provide a wider range of investment products and services tailored to eligible professional investors and institutional clients. Users who choose PBOGA for investment and asset management will benefit from enhanced legal protections and a greater sense of confidence in their transactions.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
By continuously strengthening its compliance framework, PBOGA has enhanced both its brand reputation and market competitiveness. The platform had previously obtained the MSB (Money Services Business) license from FinCEN (Financial Crimes Enforcement Network), and with the addition of the Regulation D license, PBOGA further solidifies its compliance credentials on the international stage. As global regulatory requirements become increasingly stringent, The proactive approach of PBOGA to achieving high compliance standards showcases its strong risk management capabilities and its ability to swiftly adapt to evolving regulatory frameworks.
The compliance licensing also provides strong support for the global expansion strategy of PBOGA. Moving forward, the platform plans to accelerate its market growth in the United States and other key regions, leveraging strict regulatory compliance, transparent operations, and comprehensive user privacy protection measures to attract professional investors and premium business partners worldwide. The proprietary multi-chain technology, matching engine, and security protection systems of the platform will further demonstrate their technical superiority, enhancing competitiveness while serving a global user base.
The recognition granted by the Regulation D license will also facilitate deeper partnerships with international financial institutions. This licensing advantage allows PBOGA to attract stronger financial and institutional investors, fostering the development of its product ecosystem and delivering more innovative and specialized financial services to users worldwide.
The successful acquisition of the Regulation D license represents an important milestone in the global strategic expansion of PBOGA, reinforcing its commitment to compliance, security, and innovation as it continues its path toward sustainable growth in the cryptocurrency industry.
( PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy )
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
PBOGA Cryptocurrency Exchange Launches Large-Scale Recruitment Plan, Adding Over 100 New Positions
PBOGA Secures MSB License, Strengthening Global Cryptocurrency Compliance Efforts
PBOGA Secures Regulation D License, Accelerating Global Compliance Strategy
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