New Markets Tax Credits are used to attract investments into low-income communities with the goal of revitalizing the local economy.
Alaska Growth Capital (AGC) has been awarded $90 million in New Markets Tax Credits (NMTC) allocation since 2002. AGC utilizes its allocation on projects that will positively benefit the low income communities and low income people, whether it be a telecommunications project in rural Alaska, or a business incubator in downtown Honolulu.
AGC also provides financial and advisory services to qualified projects looking for additional financing. With 10 years of experience successfully closing close to $170 million worth of New Markets Tax Credits transactions, AGC brings a track record of success to every transaction.
Our experience as a small business lender makes us unique among community development entities: we know the tough circumstances of many small businesses and have the expertise to make difficult transactions work.
We are a national Community Development Entity (CDE) with the flexibility of deploying tax credits throughout the country. We’re interested in hearing from you.