The New Mexico Finance Authority Board approved another application cycle of New Markets Tax Credit.Â This competitive cycle will make available $45 million of allocation for projects to apply for by September 25th.
Business people who want to develop property in economically depressed New Mexico communities â€" or who want to purchase expensive commercial equipment for use in those communities â€" often lack the funding they need for such ambitious and capital-intensive ventures.
Thatâ€™s why the New Mexico Finance Authority created a community development entity, or CDE, in 2006 to raise capital and fill funding gaps for large projects expected to benefit low-income areas.
For more information, click here.Â
Monday, 25 September, 2017
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