Biologists band a U’au kani (Wedge-tailed Shearwater) chick, as part of a shearwater nesting restoration effort in the Mokio Reserve of Molokai, Hawaii. Ecotrust CDE provided NMTC funding in support of this work. Photo credit: Richard A. Cooke III; courtesy of Moloka’i Land Trust
Ecotrust Community Development Entity (CDE) invests New Markets Tax Credits (NMTCs) in operating businesses and community and utility infrastructure projects in frontline communities across rural areas, on tribal lands, and in urban neighborhoods that are disproportionately impacted by climate change.
Ecotrust CDE investment goals are:
What are New Markets Tax Credits?
Congress established the New Markets Tax Credit (NMTC) program in 2000 to attract investment capital in Low-Income Communities as determined by census tract demographic data. NMTCs can provide up to 20 percent of total funding for capital projects of over $5 million in the form of a grant-like subsidy.
The AU-Aleutians Fiber Project aims to bring high-speed Internet infrastructure to rural communities in Alaska. Ecotrust CDE provided NMTC funding in support of this project. Photo courtesy of GCI Communication Corp
Moloka’i Land Trust and partners work together to set up a social attraction site for globally Near Threatened Laysan Albatrosses in the dune restoration site on the Anapuka peninsula within the Mokio Preserve. Ecotrust CDE provided NMTC funding in support of this project. Photo courtesy of Moloka’i Land Trust
Interested in applying for NMTC funding through Ecotrust CDE? Email us at email@example.com or through the button below.
Key Attributes of an Ecotrust CDE NMTC Project:
Photo caption: The AU-Aleutians Fiber Project aims to bring high-speed Internet infrastructure to rural communities in Alaska. Ecotrust CDE provided NMTC funding in support of this project. Photo courtesy of GCI Communication Corp
in NMTC allocation awarded to Ecotrust CDE since 2004
in nine states since 2004
in the past ten years
PERMANENT AND TEMPORARY JOBS
created and retained in the past five years
TONS OF CARBON CAPTURED
Published by Amy Hook, Nick DeCicco in the Novogradac Journal of Tax Credits, Volume 13, Issue 11, November 2022.
A conversation with John David “J.D.” Tovey III, Planning Director for the Confederated Tribes of the Umatilla Indian Reservation