Jobs Return to OR with NMTC Investment
According to 3BL Media, the National Community Investment Fund (NCIF) recently partnered with three additional Community Development Entities (CDEs) to provide $20 million of New Markets Tax Credit (NMTC) funding to support business expansion into rural and underserved Oregon.
CO to Sponsor Affordable Housing for Artists
Colorado is investing in a $50 million plan to find affordable housing for artists in rural communities. According to the Coloradoan, housing and economic development are vital needs in rural Colorado, and this initiative advances both of these issues by harnessing the power of public-private partnerships to elevate rural economies.
Rural Infrastructure Opportunity Fund Investments Announced
The first round of investments in projects through the U.S. Rural Infrastructure Opportunity Fund have been announced. Through the Fund and its public-private partnerships, USDA has facilitated the investment of nearly $161 million in private capital rural projects.
A Guide to Revitalizing Pennsylvania's Small Downtowns
Downtown revitalization strengthens the social, physical, and economic value of a community's commercial center. This manual from the Center for Rural Pennsylvania is designed to help small town revitalization efforts by addressing a variety of low-cost tools and strategies that may help them welcome their downtowns back to a more vibrant existence.
USDA Announces $349M in Funding for Rural Electric Projects
The USDA announced $349 million in funding for 15 rural electric infrastructure projects. The funding is being provided through USDA Rural Development's Electric Program, which makes insured loans and loan guarantees to non-profit and cooperative associations, public bodies, and other utilities.
Using TIF in Rural Communities
A case study from Fort Kent, ME describes using TIF in rural communities. This resource explains tax increment financing including its traditional uses, downtown revitalization, its implications for local tax burden, and regional funding effort.
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