Investing in Community

“I had lost my previous employment in January of 2010 and thanks to the NMTC program, a job was available to me only 2 months later.” John - Dairy Department of Town and Country Foods

New Markets Tax Credits

About New Markets

Since 2008, Montana & Idaho Community Development Corporation (Montana & Idaho CDC) has been awarded $431 Million in New Markets Tax Credits (NMTC) from the U.S. Treasury Department. These tax credits are a powerful tool for creating jobs in markets where economic growth has been a challenge. Montana & Idaho CDC works with investors to turn the credits into cash, and then uses that cash to fund business start ups and expansions in Montana and Idaho.

Criteria for NMTC Projects:

  • Project is located in a Low-Income Census Tract
  • Project has high community impact
  • Total project cost exceeds $4.0 million
  • At least 25% of income from the completed project will come from commercial use (nonresidential)

If you have a project that is over $4.0 million in Montana or Idaho,
please contact Sarah Fitzgerald to discuss.

NMTC Projects in Montana and Idaho

Innovative Financing Means Big Impacts for Small Businesses

MICDC New Markets Tax Credit Projects

Featured Projects

office_downtownoffice_billings

BILLINGS OFFICE BUILDING | $25.8 MILLION
CITY: BILLINGS, MT

  • Jobs Created or Retained: 400
  • Total Economic Impact: $58.5 Million
  • 150,000 sq. feet in targeted development district
  • Partner: Wells Fargo

retail_historicsears_butte

HISTORIC SEARS BUILDING | $8.3 MILLION
CITY: BUTTE, MT

  • Jobs Created or Retained: 48
  • Total Economic Impact: $12 Million
  • 80,000 sq. feet of retail and professional space that was previously vacant
  • Partner: Glacier Bank

nonprofit_poverello_missoula

THE POVERELLO CENTER | $5.9 MILLION
CITY: MISSOULA, MT

  • Jobs Created or Retained: 43
  • Total Economic Impact: $7.8 Million
  • 18,500 sq. feet of emergency homeless shelter space
  • Partner: US Bank

medical_kootenai_coeurdalene

KOOTENAI MEDICAL CENTER | $11.3 MILLION
CITY: COEUR D’ALENE, ID

  • Jobs Created or Retained: 55
  • Total Economic Impact: $23.3 Million
  • 58,000 sq. feet to expand access to health care
  • Partner: US Bank

manufacturing_gvn_shelleyidaho

GOLDEN VALLEY NATURAL | $15.8 MILLION
CITY: SHELLEY, ID

  • Jobs Created or Retained: 200
  • Total Economic Impact: $90 Million
  • 203,000 sq. feet of food production space in rural area that will employ low-income workers
  • Partner: US Bank

communityfacility_aquaticcenter_polson

MISSION VALLEY AQUATICS | $6 MILLION
CITY: POLSON, MT

  • Jobs Created or Retained: 23
  • Total Economic Impact: $8.5 Million
  • Not-for-profit community aquatic center serving Lake County and Flathead Indian Reservation
  • Partner: US Bank