Reznick's Interactive Map Finds Locations Eligible for NMTC Financing

By Ken Berry

A top 20 accounting firm has created a new online tool that makes it easier to determine when investors can qualify for the New Markets Tax Credit (NMTC) Program.
 
The Reznick Group, widely recognized as an industry leader in this highly specialized area, recently launched its NMTC Interactive Map. This user-friendly map enables you to quickly determine if a location is "Highly Distressed/Qualified," "Qualified," or "Unqualified" under the strict eligibility requirements of the NMTC Program. 
 
"Reznick Group's Internet-based NMTC mapping system is a fast and efficient tool for determining qualified census tract sites nationwide eligible for NMTC financing as well as qualification under many other federal, state, and local government programs," says Gary Perlow, Regional Managing Principal, National New Markets Tax Credit Practice Group. 
 
The NMTC Program, established in 2000, is designed to revitalize low-income communities throughout the country. It provides tax credits to investors in certified Community Development Entities (CDE). The credit effectively equals 39 percent of the investment made over a seven-year period.
 
The Reznick NMTC Interactive Map relies on recent census data, OpenStreetMap graphics, and Google geo-mapping technology. It offers eligibility information for locations in all U.S. states and territories, incorporating data for each of the nearly 32,000 tracts identified in the 2000 U.S. census. According to Damien Enderle, Reznick Group National Director of Marketing, the map was visited more than 2,700 times in September alone. (It launched on September 11, 2011.) 
 
This online tool is the latest component of a comprehensive NMTC Program Resource Center available on the Reznick Web site. Further enhancements are being planned. View the new NMTC Interactive Map
 

You may like these other stories...

A new survey from online accounting software provider Xero found that nearly 90 percent of small businesses are forecasting an increase in revenues next year, while 21 percent are expecting growth of more than 100 percent....
More and more businesses are adopting the cloud in order to take advantage of benefits such as greater efficiency, increased productivity and lower costs. Companies in general are flocking to the cloud for email hosting,...
A great way to increase business for your accounting firm is to remain at the front of your clients' minds all throughout the year. One of the best ways to do that is through an email newsletter. Perhaps you send out a...

Already a member? log in here.

Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.