CDFI Fund Releases Summary Report on NMTC Program

October 12, 2017  |   CDVCA Ventures Blog   |     |   0 Comment

The CDFI Fund recently released its summary report on the NMTC Program, providing an analysis of all reported NMTC investment activity and including breakdowns by sector, geography, and investment type (real estate vs. non-real estate; rural vs. metro areas). Of the investments made under the program, over 75% meet at least one category of Severe Distress*. To view the entirety of the report, click here.     *The following are the Severe Distress Criteria enlisted by the CDFI Fund: (1) poverty rates of 30 percent or greater; (2) median family income at or below 60 percent of applicable area median income; or (3) unemployment rates at least one and a half times the national average.

Tune in: Podcast on Small Businesses and First-time Fund Managers as true drivers of Economic Growth

October 12, 2017  |   CDVCA Ventures Blog   |     |   0 Comment

As a guest on Impact Alpha's Return on Investment podcast, Village Capital President, Ross Baird, discusses his new book, "The Innovation Blind Spot," making the case for small businesses as the true engines of economic growth and pointing to smaller funds and first-time fund managers that are outperforming their mainstream counterparts. To listen to the August podcast, click here.

NMTC Coalition publishes report on the impact of NMTCs on Rural America

September 18, 2017  |   CDVCA Ventures Blog   |     |   Comments Off on NMTC Coalition publishes report on the impact of NMTCs on Rural America

The NMTC Coalition released its 2017 report on the impact of New Market Tax Credits (NMTCs) on Rural America. According to the report (relying on data from 2003-2014), the NMTC program has financed over 800 projects and generated almost 50,000 full-time jobs. Also, for the same period,  $4.8 billion in funding, or 27% of total financing in rural communities, was allocated to projects in the manufacturing and industrial sector. To download this NMTC Coalition impact report, click here.

Pacific Community Ventures releases monthly Good Jobs Recap

September 18, 2017  |   CDVCA Ventures Blog   |     |   Comments Off on Pacific Community Ventures releases monthly Good Jobs Recap

On August 31st, Pacific Community Ventures (PCV) released its Good Jobs Recap for the month of August. Key topics include an updates on wages and the demographic distribution of employment opportunities in the US manufacturing sector. PCV also cites a report by Walmart and the Boston Consulting Group that proposes solutions to adressing the job shortage and skills gap in the manufacturing industry. CDVCA is an equity investor in one of Pacific Community Ventures' funds, PCVIP III. To view PCV's Monthly Good Jobs Recap, click here.

Novogradac NMTC Working Group submits recommendations to Senate Committee

September 18, 2017  |   CDVCA Ventures Blog   |     |   Comments Off on Novogradac NMTC Working Group submits recommendations to Senate Committee

In line with its efforts to address regulatory and administrative issues of the New Markets Tax Credit (NMTC) program, the Novogradac NMTC Group submitted recommendations to the Senate Finance Committee last August 2017. Among its recommendations were obtaining permanency for the NMTC program, increasing the program's annual credit authority, and modifying the recapture rules to enable greater efficiency. For full details, read the article here.