Enterprise Financial CDE (EFCDE) is a community development entity that partners with businesses and community service providers committed to investing in eligible, highly distressed communities through the use of federal New Markets Tax Credits (NMTCs), a funding program administered through the Community Development Financial Institutions Fund, a division of the US Treasury. Read these frequently asked questions to learn more about EFCDE.
NMTCs allocated through EFCDE stimulate economic and community development by expanding access to quality jobs and essential community services, improving the opportunities and quality of life for residents in underserved communities.
If your business growth plans or community facility is located in a qualified area, you may be eligible for NMTCs to help subsidize your project costs while creating substantial community impact. Review these five eligibility requirements to gauge whether your project might be a good fit for a federal tax credit with EFCDE as a partner.