October 24, 2023

SDS Awarded $50M by New Markets Tax Credit Program

SDS Capital is proud to announce a $50 million allocation by the New Markets Tax Credit Program (NMTC). 

SDS Capital is proud to announce a $50 million allocation by the New Markets Tax Credit Program (NMTC). This is an annual federal government funding program that helps economically distressed communities attract private investment capital. For every $1 invested by the federal government, the NMTC Program generates over $8 of private investment.

Since 2006, SDS has received 14 awards totaling $752M in investment funds that have been deployed to projects throughout the US. To date, SDS has invested NMTC funds into 48 projects manufacturing, retail and technology projects located in economically distressed areas. Communities benefit from job creation associated with these investments that spur economic development within the region. SDS uses NMTC funds to finance and support loans to or investments in operating businesses, non-profits and real estate development projects located in low-income communities.

SDS is proud to be an active participant in the New Markets Tax Credit program and the significant economic impacts we are making in distressed communities with the greatest needs in our country.

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