New Market Tax Credits in 2017= 1,432 jobs and $110 Million New Investment in Rural America

Central States Development Partners, Inc. (Central States) is a nationwide Community Development Entity (CDE) that was formed by its parent non-profit, Economic Growth Corporation to serve and provide investment capital for low-income communities or low-income persons.

Since its formation in 2009, Central States has sought to bring critical jobs, services and goods to low income communities. 

First funded in 2016, Central States has received a total of $65 million in New Market Tax Credits back-to-back over two awards:

$45 million received in 2015-2016 Allocation Round 
$20 million received in 2017 Allocation Round 

The investments by Central States in its 2015-2016 Allocation Round to date support more than $110.82 Million in project costs, creating 1069 jobs, 213 construction jobs and 150 indirect jobs. Up to 90% of the new jobs created benefit low income persons. 
      
Projects receiving NMTC allocations serve highly distressed markets in Illinois, Iowa, Indiana, and Florida that have exhibited high rates of rent burden, low-median worker rates compared to the area, and high percentages of poverty.

For more information about New Market Tax Credits, please contact 309-794-6711. 

2017 Annual Report

Illinois- Impact Report

Iowa- Impact Report 

2017 Allocation Award News Release

2015- 2016 Allocation Award News Release

---

​In accordance with federal law and the U.S. Department of the Treasury policy, Central States Development Partners, Inc. is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability.  To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington D.C., 20220 or call (202) 622-1160.