US Edition
Time to rescue the New Markets Tax Credit program
- Late last year, a $25 million investment was made by two financial firms to support the expansion of Quaker Windows & Doors’ production site located in Eldon, Missouri.
- The expansion investment, facilitated by the tax credit initiative renewed in 2021, builds on Quaker’s previous use of this financing tool to increase production capacity and employment in response to growing demand for building materials.
- The expansion will add 344,000 square feet, including a vertical paint line and insulated glass capacity, creating over 220 new jobs while sustaining Quaker’s community role and employee development programs.
- NMTCs have generated over $135 billion in capital investment nationwide, aided 646 projects in Missouri with $5 billion financed, and created more than one million jobs federally and 25,300 permanent jobs locally.
- Stakeholders urge Congress to make NMTCs permanent to ensure ongoing support for underserved communities, economic growth, and employment as exemplified by Quaker’s expanded manufacturing campus.
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8 Articles
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Center
6
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Coverage Details
Total News Sources8
Leaning Left1Leaning Right0Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
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