NADO.org » News & Announcements http://www.nado.org National Association of Development Organizations Mon, 13 May 2013 18:38:00 +0000 en-US hourly 1 http://wordpress.org/?v=109 What is EDFS? http://www.nado.org/what-is-edfs/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-edfs http://www.nado.org/what-is-edfs/#comments Thu, 31 Mar 2011 14:15:58 +0000 Laurie Thompson http://www.nado.org/?p=797 With their entrepreneurial fortitude and innovative spirit, small businesses are the backbone of the nation’s economy.  Without them, the U.S. will be hard-pressed to be a major force in the global economy.  Small businesses create jobs, bring innovation to the forefront and employ over half of the nation’s private sector workforce.  The Economic Development Finance Service (EDFS) provides research, training and information to publicly funded small business loan funds managed by regional councils nationwide.  The resources and tools in this section will help loan fund managers and others engaged in small business financial and technical assistance develop strategies to increase capital, better manage their loan fund operations, develop strong training programs and share information and resources with their peers.

]]> http://www.nado.org/what-is-edfs/feed/ 0 New Market Tax Credits http://www.nado.org/totally-a-test/?utm_source=rss&utm_medium=rss&utm_campaign=totally-a-test http://www.nado.org/totally-a-test/#comments Sat, 12 Mar 2011 20:14:19 +0000 NADO Admin http://www.nado.org/?p=541 The New Markets Tax Credit (NMTC) Program offered by the U.S. Department of Treasury permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). Substantially all of the qualified equity investment must in turn be used by the CDE to provide investments in low-income communities. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year credit allowance period.

Click Here to view a New Market Tax Credit fact sheet from the Community Reinvestment Fund

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