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The principal services of
the National Economic Development Partnership are directed at
improving the economic condition of Low-Income Communities and
Low-Income Persons by encouraging investment.
Federal Tax
Credits
The National Economic Development Partnership can award
qualified investors a transferable federal tax credit equal to 39%
of the investment. The Partnership can arrange for the sale of
the credits where desired.
State Tax
Credits
The National Economic Development Partnership can negotiate
state tax credits based upon investment. In some instances,
the credits are transferable and in some instances they are treated
as cash (refundable regardless of tax liability). In some
states, the tax credit can be as much as 100% of the
investment.
Training Grants
& Funding
The National Economic Development Partnership can assist
companies in obtaining grants and other funding for jobs skills
training for both existing employees and new hires.
Capital
Grants
The
National Economic Development Partnership can assist companies in
obtaining grants to reduce the cost of investment
Working Capital
Grants and Low Interest Loans
The National Economic Development Partnership
can assist companies in obtaining grants and low interest loans to
reduce the cost of an investor's debt service.
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