Tuesday 4/1, 3p eastern, 2p central, 1p mountain, 12p pacific
New Market Tax Credits in Capital Stacks with Lela Klein, Gem City Market; Sarah Lebherz, Columinate; Eric Hanna Michigan Community Capital
Financing the development and building of startup food co-op grocery stores takes multiple sources of money, which together are called the "capital stack" for financing your co-op. One of those sources that can be a power piece of that capital stack for some startup food co-ops is a financing tool available to developers called New Market Tax Credits (NMTC). Using this tool can have important implications for both funding your cooperative and for its long-term financial success. In this session, you will learn what NMTC are, what types of projects qualify for NMTC, how they work, and what it can ean to have them as part of your capital stack.
When
April 1, 2025 from 2:00 PM CDT to 3:00 PM CDT