Gurley-Calvez, Tami; Gilbert, Thomas J.; Harper, Katherine - In: Public Finance Review 37 (2009) 4, pp. 371-398
new markets tax credit (NMTC) program leads to increased investment. The authors' approach is unique in the examination of … a portion of NMTC investment by individual investors is ``new'' investment financed through a decrease in consumption …. This ``new'' investment represents an increase in investment funds available to low-income communities. On the corporate …