Enterprise Financial CDE (EFCDE) is a community development entity that partners with businesses and community service providers committed to investing in eligible, highly distressed communities through the use of federal New Markets Tax Credits (NMTCs), a funding program administered through the Community Development Financial Institutions Fund, a division of the US Treasury. Read these frequently asked questions to learn more about EFCDE.
NMTCs allocated through EFCDE stimulate economic and community development by expanding access to quality jobs and essential community services, improving the opportunities and quality of life for residents in underserved communities. A key focus for EFCDE is addressing the Social Determinants of Health — the conditions conditions in which people grow, work, live and age.
If your business growth plans or community facility is located in a qualified area, you may be eligible for NMTCs to help subsidize your project costs while creating substantial community impact. Review these five eligibility requirements to gauge whether your project might be a good fit for a federal tax credit with EFCDE as a partner.
It’s important that you partner with a lender who shares your mission and understands every facet of the NMTC program, from early project phases through the years of compliance and reporting. As a seasoned allocatee, EFCDE is one of the few lenders with deep expertise in helping businesses navigate and close both federal and state NMTC loans, serving as a lender, allocatee or investor in NMTC programs. We partner with you along the journey to ensure success at every milestone — just one of the ways we help the communities we serve thrive.
For more data on EFCDE's impact, see our By the Numbers: EFCDE Infographic
Read news updates and examples of how our community development entity uses New Markets Tax Credit allocations to create quality jobs and improve quality of lives for underserved populations across the communities.
