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
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.
Press Release
YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers
Integrated robotic welding systems, precision positioners, and turnkey automation solutions support manufacturers across automotive, steel structure, shipbuilding, and heavy equipment sectors worldwide.
Tianjin, China, 18th Jun 2026 – Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE), a specialized engineering company focused on industrial robotics and welding automation systems, today highlighted its comprehensive capabilities in intelligent welding automation and robotic production line integration. With a complete engineering ecosystem spanning R&D, manufacturing, commissioning, and global after-sales support, YUANHE is helping manufacturers improve productivity, welding quality, and operational efficiency through advanced automation technologies.
Headquartered in Tianjin, China, YUANHE provides integrated robotic welding solutions, multi-axis welding positioners, and customized automation production lines for customers across Asia, Europe, the Middle East, and Oceania. The company combines strong engineering expertise with extensive project implementation experience to support manufacturers seeking digital transformation and intelligent production upgrades.
Standardized engineering processes, precision manufacturing capabilities, and a highly experienced technical team enable YUANHE to deliver reliable automation systems tailored to a wide range of industrial applications.
Core Capabilities and Engineering Strength
YUANHE operates an approximately 10,000-square-meter industrial manufacturing and engineering base in Tianjin, equipped with:
- Research and Development Center
- Equipment Assembly Workshop
- Load Testing Laboratory
- Customer Factory Acceptance Test (FAT) Area
- After-Sales Service Center
The facility supports an annual production capacity of 180–240 robotic welding workstation systems. Before shipment, every system undergoes a 72-hour continuous load test using actual workpieces to ensure performance stability and operational reliability.
The company employs approximately 50 professionals, including 24 core technical engineers specializing in mechanical design, electrical control systems, robot programming, field commissioning, and industrial automation integration. More than 92% of employees hold bachelor’s degrees or higher qualifications, with many possessing over a decade of industry experience.
Technical Advantages of Integrated Welding Automation
1.Robotic Welding Systems
YUANHE designs and integrates complete robotic welding solutions, including:
- Industrial robot integration projects
- Automated welding workstations
- Turnkey robotic production lines
- Customized intelligent manufacturing systems
These solutions are engineered to help manufacturers improve weld consistency, reduce labor dependency, and increase production throughput.
2.Multi-Axis Welding Positioner Systems
A key component of YUANHE’s automation expertise lies in its welding positioner technology.
Single-Axis Positioners
Designed for light- to medium-duty workpieces, offering horizontal rotation or vertical tilting functions to improve welding accessibility.
Dual-Axis Positioners
Combining horizontal rotation and vertical tilting movements, these systems enable multi-angle welding and improved weld quality for complex structures.
Three-Axis Positioners
Featuring multi-directional rotational capabilities, these positioners support highly complex welding applications requiring extensive accessibility and flexibility.
Customized Multi-Axis Systems
Tailor-made configurations can be developed according to customer requirements, including specific structural layouts, payload capacities, and production processes.
YUANHE’s engineering philosophy emphasizes that optimized axis configuration directly determines welding accessibility, production efficiency, and final weld quality.
3.Auxiliary Automation Systems
To support complete manufacturing solutions, YUANHE also provides:
- Robot travel rail systems
- Multi-axis motion structures
- Welding fume extraction systems
- Specialized tooling and fixture systems
These auxiliary systems can be integrated into turnkey production lines to maximize automation effectiveness.
Key Competitive Advantages
YUANHE’s automation solutions are built around coordinated robot-and-positioner control technology that enables:
- Repeatable positioning accuracy of ±0.1 mm
- Continuous multi-surface welding operations
- Improved welding accessibility
- Reduced manual intervention
- Higher production efficiency and consistency
By synchronizing robotic welding systems with precision positioners, manufacturers can achieve stable production performance while minimizing quality variation.
Global Project Experience
YUANHE’s automation systems have been deployed across multiple international markets, including:
- China
- Vietnam
- Thailand
- France
- Australia
- Middle East countries
One of the company’s benchmark projects involved the integration of 32 industrial robots and 21 welding positioners within a large-scale electric vehicle manufacturing program.
Project highlights include:
- 24 months of continuous full-load operation
- More than 120,000 welded structural components produced
- Zero major production stoppages related to automation equipment
The project demonstrates YUANHE’s capability to execute large-scale industrial automation programs and maintain long-term operational reliability in demanding production environments.
Industry Applications
YUANHE’s automation technologies serve a broad range of manufacturing sectors, including:
- Automotive manufacturing
- Electric two- and three-wheel vehicle production
- Construction and engineering machinery
- Steel structure fabrication
- Shipbuilding and marine engineering
The flexibility of the company’s robotic welding systems allows adaptation to different production volumes, product types, and manufacturing environments.
Management Statement
“Manufacturing industries around the world are facing increasing pressure to improve productivity while maintaining consistent product quality,” said a representative of Tianjin Yuanhe Industrial Machinery Co., Ltd.
“Through the integration of industrial robots, precision welding positioners, and intelligent automation systems, YUANHE helps customers build more efficient, reliable, and competitive manufacturing operations. Our goal is not only to provide equipment, but also to deliver complete engineering solutions that support long-term industrial development.”
Strategic Positioning and Future Vision
YUANHE positions itself as an industrial robotics and welding automation engineering company dedicated to advancing intelligent manufacturing worldwide.
Looking ahead, the company will continue investing in:
- Advanced robotic welding technologies
- Intelligent manufacturing systems
- Automation engineering innovation
- Global service network expansion
- Industry-specific customized solutions
By combining engineering expertise with practical industrial experience, YUANHE aims to support the next generation of smart manufacturing transformation across global markets.
About Tianjin Yuanhe Industrial Machinery Co., Ltd.
Founded in China and headquartered in Tianjin, Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE) specializes in robotic welding automation systems, welding positioners, and intelligent manufacturing solutions.
The company operates a fully integrated engineering platform covering research and development, manufacturing, testing, project implementation, and after-sales support. Its solutions have been successfully deployed across automotive, steel structure, shipbuilding, engineering machinery, and other industrial sectors in China and international markets.
YUANHE’s mission is to promote intelligent manufacturing upgrades worldwide through reliable automation technologies and professional engineering services.
Media Contact
Organization: Tianjin Yuanhe Industrial Machinery Co., Ltd. (YUANHE)
Contact Person: Yidan
Website: http://www.yuanhegroup.com/
Email: Send Email
Contact Number: +8619922632387
City: Tianjin
Country:China
Release id:46235
The post YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
Press Release
Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals
United States, 18th Jun 2026 – Renowned business strategist and seasoned accountant Randy Owens has released his book, The Cash Flow Conduit: How to Make Your Business Permanently Profitable. This profit-centered approach to running a business is designed to help trades professionals achieve complete financial freedom through strategic decision-making. It offers a range of financial tools and actionable strategies to drive sustainable, long-term growth
.
The Cash Flow Conduit is a comprehensive book that addresses the challenges faced by the trades sector, including construction, HVAC, plumbing, electrical work, and more. Shedding light on the operational patterns unique to these industries, the author offers financial strategies grounded in decades of experience. Rather than technical jargon, this reliable financial guide introduces a strategic operational system that focuses on planning discipline, long-term profitability, cash allocation, cost control, and more.
According to the author, trades entrepreneurs must master their craft with little time to learn complex financial systems, which is why contractors and trade companies often fail to build long-term financial security, even when they are generating revenue. Ultimately, the new book equips trades professionals with the knowledge to control their cash flow and build wealth without compromising their quality of life.
Randy Owens is an accountant and profit advisor with more than 25 years in the financial services industry. He is committed to helping small businesses and trades professionals manage their finances effectively. Randy is the founder of Financial Connections, a firm that has helped thousands of Americans grow and protect their wealth. Specializing in tax strategy for small businesses and entrepreneurs, Randy’s team prepares more than 1,400 tax returns annually.
After many years of working directly with skilled professionals in the trades arena, Randy has gained insight into what truly works and how trades professionals can thrive financially in today’s economy. His new book distills his expertise and techniques into an approachable framework to help people succeed. Randy Owens is available for interviews.
Title: The Cash Flow Conduit: How to Make Your Business Permanently Profitable
Author: Randy Owens
Contact: Michael DeLon
Company: Paperback Expert
Email: press@PaperbackExpert.com
Phone Number: (501) 404-8690
About Randy Owens: https://www.fincontax.com/about
Availability: Amazon.com
Book Preview: https://www.amazon.com/dp/B0H2NXS32J
Media Contact
Organization: Paperback Expert
Contact Person: Michael DeLon
Website: https://paperbackexpert.com/
Email: Send Email
Contact Number: +15014048690
Country:United States
Release id:46234
The post Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
Press Release
From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing
The financial consultant’s upbringing across Norway, the United States, Germany, Scotland, and Australia underpins a global, long-horizon view of markets
United States, 18th Jun 2026 — Long before he managed institutional portfolios, Austin Glenn Smith, Ph.D., was learning to read the world. Born in Oslo, Norway, in 1958 to a Norwegian father and a New Zealand–born mother, Smith spent his formative years moving across continents, an upbringing he says taught him the single discipline that would define his career in finance: perspective.
Smith’s family relocated to the United States when he was six. At sixteen, he left for Hamburg, Germany, where he studied for six years. He went on to earn a Master’s degree from Robert Gordon University in Aberdeen, Scotland, and later a Ph.D. in Australia, an academic path spanning four countries and as many cultures.
“Growing up across four countries teaches you that no single market, and no single moment, tells the whole story,” said Smith. “Perspective is the most undervalued asset in finance.”
That globally formed outlook became the foundation of a 30-year career in institutional investment. After entering finance in the early 1990s, working for a time alongside renowned author and investor Robert Kiyosaki, Smith held senior fund and portfolio management roles with the Vanguard Management Group and Expert Edge Investments, with work that carried him repeatedly between the United States and Canada.
Where some investors anchor to a single home market, Smith built a practice of weighing decisions against a wider field of view, across regions, currencies, and economic cycles. He argues that the discipline of seeing beyond one’s immediate vantage point is exactly what protects long-term capital.
“Markets are local in their noise and global in their lessons,” he said. “The investor who can hold both views at once is far harder to surprise.”
In 2020, after decades of trans-continental travel, Smith settled in Washington. In 2026 he transitioned from full-time fund management to private financial consulting, advising a select group of clients across the United States and Canada. He says his international background is not a biographical footnote but a working method, one he now brings to individuals and families planning for the long term.
“Every place I lived added a lens,” Smith said. “Clients don’t just get my opinion; they get decades of watching how markets behave in very different worlds.”
More information is available at austinglennsmith.com.
About Austin Glenn Smith
Austin Glenn Smith, Ph.D., is a financial consultant and former senior fund and portfolio manager with more than 30 years of experience in institutional investment and portfolio strategy. Born in Oslo, Norway, and educated across the United States, Germany, Scotland, and Australia, he held senior roles with the Vanguard Management Group and Expert Edge Investments before transitioning, in 2026, to private financial consulting. He advises a select group of clients across the United States and Canada on portfolio strategy, retirement, and wealth planning. Learn more at austinglennsmith.com.
Media Contact
Organization: Austin Glenn Smith
Contact Person: Austin Glenn Smith
Website: https://austinglennsmith.com/
Email: Send Email
Country:United States
Release id:46228
The post From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
YUANHE Showcases Comprehensive Robotic Welding Automation Capabilities for Global Manufacturers
Generating Long-Term Growth Randy Owens’ Newly Released Book is a Highly Valuable Financial Blueprint for Trades Professionals
From Oslo to Washington: Austin Glenn Smith on How a Life Across Continents Shaped a Disciplined Approach to Investing
Benzinga Money Article Discusses How to Become Part of the 12% of Retirees Who Have Achieved the Recommended $550,000 Minimum Retirement Savings Threshold
Apu Apustaja Conquers New York with Lively Street Ads, Including Times Square Billboard
Bay Smokes Maintains Quality Amid Legislative Changes in the Hemp Industry
-
Press Release2 days ago
FARO Board Bags Expands Premium Surf Gear Line with Durable Surfboard Protection and Sustainable Travel Solutions in the USA
-
Press Release6 days ago
GLP-1 Patients Regain Most of Their Lost Weight Within 2 Years . A Tampa Telehealth Provider Is Partnering With a Digital Health Platform to Change That.
-
Press Release5 days ago
MarketAnywhere Sets the National Standard for Best Flyer Distribution and Door-to-Door Marketing in the United States
-
Press Release5 days ago
The Surgeon Everyone Sees on the Way to the Hamptons: Dr. David Pincus of Pincus Plastic Surgery
-
Press Release5 days ago
isCalculator: The Evolution Of No-Code; Ai Platform Instantly Generates Mathematical Mini-Applications
-
Press Release5 days ago
The Point Elevates Coastal Celebrations with Premier Waterfront Event Venue in Mission Beach, San Diego
-
Press Release6 days ago
Jerky Didn’t Need Another Flavor It Needed a Personality
-
Press Release2 days ago
MAMBASNAKE Launches “World Football Season” Mid-Year Sale: Celebrate the Spirit of the World Cup with Elite Gaming Gear