Connect with us

Press Release

NMTC Funded 322 Projects, Nearly 60,000 Jobs Across the U.S. in 2023

Published

on

–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

gregwilsonpr@gmail.com

Company Website

https://nmtccoalition.org/

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 tracking

COMTEX_453384167/2655/2024-06-05T08:41:23

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.

Continue Reading

Press Release

Mint Miner Launches XRP Cloud Mining Contracts, Opening a Low-Entry, High-Yield Model

Published

on

New York, USA, 1st August 2025, ZEX PR WIRE, Mint Miner, the world’s leading intelligent cloud mining platform, officially launched its new XRP Cloud Mining Contracts, offering crypto asset holders a more flexible, environmentally friendly, and hardware-free passive income method. With XRP’s popularity continuing to rise, driven by the craze for cross-border payments and ETFs, the launch of these contracts is timely, marking the deepening of the “cloud income” era for digital assets.

 Mint Miner

Turning XRP into Daily Cash

As a highly liquid cryptocurrency with low transfer costs, XRP has recently gained favor with both institutional and retail investors. Mint Miner’s newly launched XRP Cloud Mining Contracts allow users to purchase cloud computing power directly with XRP, without the need to convert it to BTC or fiat currency. This reduces transaction friction and significantly improves asset operation efficiency.

Mint Miner uses a smart contract mechanism to automatically allocate user-deposited XRP to green energy mining data centers deployed in North America and Europe. This platform generates stable daily returns, which are automatically returned to user accounts, truly achieving “deposit, earn.”

Mint Miner’s three core advantages redefine the cloud mining experience.

Zero barriers to entry: No need to purchase mining machines, configure power, or configure network. Register and receive $15 worth of trial computing power, making it easy for even novice users to get started.

AI-driven yield optimization: A built-in AI algorithm analyzes mining pool market conditions in real time and adjusts mining strategies to help users maximize XRP mining returns. Platform data shows that this optimization mechanism can increase average returns by 32-65%.

Green and compliant, secure hosting: All mining nodes are powered by 100% renewable energy and meet North American and EU energy compliance standards. Combined with cold wallet storage and 24/7 risk monitoring, user assets are securely protected.

How to start using XRP to activate Mint Miner cloud mining

  1. Log in to the official website using your browserRegister for a Mint Miner account. You will receive $15 upon successful registration.

  2. Deposit XRP (50 XRP is enough to participate) into your platform account and purchase a cloud computing contract that suits you.

Some cloud computing contracts are listed below:

 Mint Miner Cloud Mining Contract

 View more Mint Miner cloud mining contracts

  1. After successfully purchasing, the system will automatically mine for you using the platform’s mining machines. Revenue will be calculated in USD and sent to your account. You can withdraw XRP (or other cryptocurrencies) to your wallet address.

View daily earnings, purchase cloud computing contracts, and withdraw funds anytime on your phone.

XRP + Mint Miner Cloud Mining: A Profitable Tool for the Modern Era

With major asset managers planning to launch XRP ETFs, XRP is gradually evolving from a payment tool to a “bond-like” income-generating asset. Mint Miner’s XRP mining contracts align perfectly with this trend, offering an alternative financial instrument that generates cash flow through on-chain operations, independent of price fluctuations.

Financial analysts point out that “In the current environment of seeking stable returns, XRP cloud mining may become an ideal supplement to ETF allocations, especially for long-term holders seeking to ‘value-add’ their assets.”

About Mint Miner: Mint Miner is a UK-based blockchain cloud mining platform specializing in providing AI-driven, green energy-powered cloud computing services. With over 5 million registered users in over 180 countries, the platform supports cloud mining of major cryptocurrencies such as BTC, ETH, XRP, and DOGE, striving to create a “digital asset cash flow portal accessible to everyone.”

Contact Us

Official website: https://mintminer.com/

Official email: info@MintMiner.com

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

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.

Continue Reading

Press Release

BTCMiner Cloud Mining Platform Stands Out as the Most Stable Choice in the Volatile Second Half of 2025

Published

on

A recent announcement from the U.S. government revealed plans to implement a new tariff policy across several major trading countries, effective August 1, 2025, with tax rate increases ranging from 15% to 20%. This policy is widely seen as adding further pressure to the global economy, particularly amid ongoing challenges like high inflation and consumer spending contraction.

Economists are concerned that this new round of tariffs could disrupt global supply chains and negatively impact traditional investment markets, such as real estate, gold, and stocks. As a result, investors are increasingly turning to the cryptocurrency sector to explore alternative assets with greater resilience to market volatility.

In July, the U.S. government officially approved a policy allowing pension funds to allocate investments to cryptocurrency assets. This decision not only legitimizes the crypto market for compliant funds but also signals the U.S.’s shift toward becoming a global hub for crypto finance.

Analysts suggest this policy could unlock hundreds of billions of dollars in potential investment, providing long-term upward momentum for major cryptocurrencies like Bitcoin, Ethereum, and XRP.

A spokesperson for BTCMiner, a leader in the cloud mining industry, said: Many investors still don’t know much about cloud mining?

  • Traditional Mining: Requires purchasing mining equipment, securing electricity, setting up systems, and troubleshooting issues, which is costly and technically complex.
  • Cloud Mining: Involves purchasing contracts on a platform, placing orders with one click, and letting the platform handle operations and settle profits every 24 hours.

The spokesperson also introduced some platform advantages:

  1. In order to help more new users join with zero threshold, new users will enjoy a $500 reward upon registration, creating a platform where everyone can participate in the growth of crypto assets
  2. The only network that launches principal and interest guaranteed contracts, orders are placed to lock principal and interest, and are not affected by market fluctuations
  3. Support BTC, ETH, USDT, XRP, TRX Recharge and withdrawal of mainstream crypto assets, daily automatic settlement, withdrawals in seconds
  4. Users do not need to buy mining machines or set up mining farms. The platform runs automatically and is intelligently scheduled, making it easy for everyone to mine
  5. Computing power is deployed in green energy mines such as hydropower, wind power, and solar energy, which is low-carbon and environmentally friendly, responding to the global trend of sustainable development
  6. 7×24 hours online customer service, supporting multi-language services, no matter where you are, you can get professional assistance and security

Joining the BTCMiner platform is very simple:

Getting started is straightforward:

  1. Visit the official website to register: https://btcminer.cfd.
  2. Choose a contract from dozens of flexible options tailored to various investor needs. Platform data indicates that 1-30 day contracts are the most popular.
  3. After placing an order, profits are automatically settled within 24 hours. Users can monitor earnings, order transactions, and withdrawals in real-time via the dashboard.

New users can also purchase multiple contracts at the same time. Each contract runs and settles independently

Some BTCMiner contracts are displayed: Click here to view more contracts and details

BTCMiner also launched an invitation reward system. Not only can you get income by purchasing contracts, but you can also get extra rewards by inviting friends to join

With Bitcoin expected to break through $150,000 this year, BTC Miner cloud mining has opened the door to digital wealth for ordinary people

Join now, it is the best time to grasp the trend and participate in the global wealth redistribution

 

Media Contact

Company Name: BTCMiner

Location: London, UK

Website: https://btcminer.net

Contact Email: info@btcminer.net

Contact Person: Victoria Langford 

 

Disclaimer

This article is for informational purposes only and does not constitute investment, financial, or legal advice. Cryptocurrency mining and investing carry significant risks, including price volatility and potential loss of funds. Past performance is not indicative of future results. Readers should conduct thorough research and consult professionals before making decisions. The author(s) and publisher(s) are not liable for any losses.

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.

Continue Reading

Press Release

CJB FINANCE Launches New Compound Incentive Program for New Users- Daily Smart Cloud Mining Yields Up to 28.5 percent, Ushering in a New Era of Digital Wealth

Published

on

August, 2025 — In response to the accelerating global shift toward digital finance, leading digital asset platform CJB FINANCE LIMITED has officially launched a compound reward program exclusively for new users, marking a new chapter in crypto investment.

As a key player in the Web3 on-chain financial ecosystem, CJB FINANCE encourages users to actively participate in blockchain transactions and community development. Wallet addresses with active transaction records that meet system eligibility criteria may receive up to 777 USDT in airdrop bonuses, which are instantly withdrawable with no waiting period.

Users can also participate in the platform’s smart cloud mining service, earning daily returns starting at 10% and reaching up to 28.5%. The system uses AI algorithms to automatically optimize computing power allocation, enabling stable asset growth and accelerated wealth accumulation.

Cloud Mining vs. Traditional Mining: Unlocking Low-Barrier, High-Efficiency Crypto Income

CJB FINANCE’s smart cloud mining service integrates artificial intelligence and cloud computing to revolutionize traditional mining models:

  • Smart Mining Algorithms: Automatically select the most profitable coins and strategies to maximize returns
  • No Contract Restrictions: Join anytime, exit flexibly
  • Zero Fees: No service or management charges; full earnings go to users
  • One-Click Wallet Connection: Simple operation with no technical background required
  • Funds Remain in User Wallets: Assets are never held by the platform, ensuring security and control

Compared to traditional mining, which requires expensive equipment and complex maintenance, smart cloud mining allows anyone to participate easily and efficiently.

Cryptocurrency Is Reshaping the Global Financial Landscape

With its decentralized structure, strong security, and high transparency, cryptocurrency has rapidly become a focal point in global capital markets. As blockchain technology continues to evolve, smart cloud mining has emerged as a key entry point for everyday users to engage in digital finance. CJB FINANCE is committed to building a secure, trustworthy, and sustainable digital asset platform that empowers users to access computing resources and grow their assets.

About CJB FINANCE LIMITED

Founded on November 28, 2016, and registered in the United Kingdom (Company No. 10500367), CJB FINANCE LIMITED has consistently focused on advancing the digital asset ecosystem and blockchain applications, building a forward-looking on-chain financial platform.

Visit the official website, connect your wallet to check eligibility for airdrops, claim your exclusive rewards, and begin your journey toward digital asset growth.

Company Information

Company Name: CJB FINANCE LIMITED

Email: info@cjbfinance.cc

Official Website: https://cjbfinance.cc

Official Channel: https://t.me/cjbfinanceltd

 

Disclaimer: Cryptocurrency and cloud mining investments carry risks, including potential loss of principal. Investors should conduct thorough research and assess their financial situation before participating.

 

 

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.

Continue Reading

LATEST POST