LA Times Lists Deborah La Franchi as 2024 Banking & Finance Visionary
LA Times B2B Banking & Finance Magazine features SDS Founder & CEO Deborah La Franchi as one of its trusted financial Visionaries for her extensive work in the sector.
The New Markets Tax Credit (NMTC) program was created in 2000 to stimulate economic growth in rural and low income communities by increasing the availability of private capital. In return, NMTC investors – most often banks – are provided with a tax credit equal to 39% of the total Qualified Equity Investment (QEI) over seven-year period. This tax credit provides anywhere from a 20% to a 25% subsidy to projects. The NMTC program was born of the Community Renewal Tax Relief Act and is under the United States Treasury Department.
