Arkansas has historically struggled with poverty, unemployment, and loss of jobs, receiving a rank from WalletHub recently of being in the top 10 worst state economies in the country. Jobs are hard to come by, and capital investments across the state are scarce.
Steve Ross, a community revitalization expert for Truist Financial, will lead a newly created team focused on social-impact investments and other tax credit investment services for Regions Financial in Alabama.
Firm has credits to allocate arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.
The New Markets Tax Credit (NMTC) program is a shining light for struggling communities, spurring economic development and producing job growth in low-income communities.
Published by Peter Lawrence on Wednesday, May 26, 2021 - 12:00am
Addressing the country’s infrastructure failings is again in the headlines. Recent Congressional hearings included housing, community development and renewable energy tax credits among the mechanisms that can be utilized to meet the Biden administration’s infrastructure investment goals. On May 18 the Senate Finance Committee hosted a hearing entitled, “Funding and Financing Options to Bolster American Infrastructure,” and the next day the House Ways and Means Committee hosted a hearing entitled, “Leveraging the Tax Code for Infrastructure Investment.” Both hearings provided the opportunity for Congressional members to discuss the Biden administration’s $2.25 trillion American Jobs Plan, an infrastructure proposal that that would address the country’s “traditional” transportation, energy and communications infrastructure provisions, while also investing in community development, climate change/green