Transforming CommunitiesCentral States Development Partners, Inc. is proud to announce being awarded $75 million in New Markets Tax Credit (NMTC) authority from the U.S. Treasury's CDFI Fund. Central States is a national CDE that assists economically distressed communities by providing capital to support lasting job creation and expand access to critical healthcare and social services. This is Central States’ eighth NMTC allocation, having previously received $270 million in NMTC allocation.
These investments have supported projects with a combined total cost of over $1.3 billion, creating and retaining 17,742 jobs, expanding critical community services, and revitalizing urban and rural areas in need. Central States delivers lasting change that fosters opportunity and growth. These projects focus on addressing significant community needs, supporting economic growth, and enhancing access to essential resources in low-income communities across the nation. The income derived from these allocations furthers Central States' mission of fostering and sustaining development in underserved areas, ensuring long-term community impact. Explore the transformative projects making a difference in communities nationwide below. |
New Market Tax Credits Deployed To Date
MILLION
Making Possible
Jobs Created/Retained
Providing Services to
Individuals
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Illinois$124,900,000
Federal + State NMTC 3,026 jobs created/ retained $237,000,000 Total Project Costs |
Iowa$6,900,000
Federal NMTC 154 jobs created/retained $24,200,000 Total Project Costs |
Indiana$20,000,000
Federal NMTC 797 jobs created/retained $61,500,000 Total Project Costs |
Kansas$6,000,000
Federal NMTC 780 jobs created/retained $20,300,000 Total Project Costs |
Missouri$825,004
Federal NMTC 506 jobs created/retained $60,000,000 Total Project Costs |
Kentucky$5,600,000
Federal NMTC 44 jobs created/retained $10.8 million Total Project Costs |
Louisiana$13,000,000
Federal NMTC 369 jobs created/retained $28,300,000 Total Project Costs |
Alabama$12,000,000
Federal NMTC 104 jobs created/ retained $28,700,000 Total Project Costs |
Georgia$16,000,000
Federal NMTC 667 jobs created/retained $239,300,000 Total Project Costs |
Florida$23,000,000
Federal NMTC 1,045 jobs created/retained $67,830,000 Total Project Costs |
Texas$16 million
Federal NMTC 636 jobs created/supported $54,000,000 Total Project Costs |
Colorado$5 million
Federal NMTC 1,074 jobs created/retained $70,000,00 Total Project Costs |
Nevada$17.7 million
Federal + State NMTC 548 jobs created/retained $47,400,000 Total Project Costs |
California$25 million
Federal NMTC 576 jobs created/retained $57,500,00 Total Project Costs |
Washington$6 million
Federal NMTC 223 jobs created/retained $25,000,000 Total Project Costs |
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Central States Development Partners, Inc.
100 19th Street, STE 109 Rock Island, IL 61201 (309) 794-6711 [email protected] In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160.
Any reference in this website to any person, or organization, or activities, products, or services related to such person or organization, or any linkages from this website to the website of another party, do not constitute or imply the endorsement, recommendation, or favoring of the U.S. Government, the CDFI Fund, or any of its employees or contractors acting on its behalf. |
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