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Briefing Next Week on the
New Markets Tax Credit Program
Tuesday, November 7, 2:00 PM
2456 Rayburn House Office Building
The New Markets Tax Credit (NMTC) is a bipartisan effort to stimulate investment and economic growth in low-income communities. NMTC provides a federal tax credit of 39 percent, taken over seven years, for investments made in low income communities. The NMTC helps deliver billions of dollars annually to poor rural and urban neighborhoods with high unemployment and poverty. It has led to substantial private investment in the Northeast-Midwest Region. Currently, the NMTC is only authorized through 2019, but several legislative proposals have been introduced to permanently extend the Credit.
Please join the Northeast-Midwest Institute for a Congressional briefing on the impact that the NMTC has on the region's economy and the implications of tax reform for the NMTC.
The list of speakers includes:
- Brett Theodos, Senior Research Associate,
The Urban Institute
- Commissioner Chris Shaw, City of Dayton, OH
- Bob Rapoza, New Market Tax Credit Coalition
Moderating the panel will be Charlie Bartsch, NEMWI Senior Fellow. Presentations will be followed by a Q&A session with the panel.
For more information, please contact Charlie Bartsch, Senior Fellow, or
Matthew McKenna
, Director of the Great Lakes Washington Program at the Northeast-Midwest Institute.
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Annual Reports for Lakewide Action and Management Plans Released
Lakewide Action Management Plans (LAMPs) annual reports for each of the five Great Lakes were released October 24. Each of the 4-5 page reports identify key LAMP objectives and the ongoing efforts to achieve them, such as invasive species control, native species rehabilitation, reduction of nutrient loads, water quality monitoring, and community outreach and education.
The LAMPs are products of U.S.-Canadian collaboration to support the Great Lakes Water Quality Agreement (GLWQA), which outlines joint goals to restore and maintain the environmental health of the Great Lakes.
More information about the GLWQA as well as each of the five individual LAMPs can be found
here
.
For more information, please contact
Matthew McKenna, Director of the Great Lakes Washington Program at the Northeast-Midwest Institute, or
Ankita Mandelia, Policy Analyst for the Towards Sustainable Water Information Project.
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Congress Begins to Consider Next Water Resources Development Act
Late last week Congress took steps toward the next iteration of the Water Resources Development Act (WRDA). On Friday the House Transportation and Infrastructure Committee held a field
roundtable in the Port of Miami to discuss the bill.
WRDA bills typically deal with a variety of issues relating to water resources including infrastructure, environmental concerns, navigation issues, and more. Congress historically tends to pass them every two years as they did in 2014 and 2016. However, there have been larger gaps in the past, leading some to wonder if the growing legislative to-do list will cause Congress to break the trend in 2018.
For more information, please contact
Joe Vukovich, Senior Policy Analyst for the Mississippi River Basin Program at the Northeast-Midwest Institute.
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This Week on Capitol Hill
GOP leadership is expected to release their tax reform bill this week.
The House will consider a bill to renew funding to Child Health Insurance Program (CHIP).
The Senate will consider judicial nominations.
A list of key Congressional committee activity that impacts the region can be viewed below:
Thursday, November 2
- The House Natural Resources Subcommittee on Water, Power, and Oceans will hold a legislative hearing on three bills at 10:00 AM in 1324 Longworth House Office Building.
- Of note is H.R.1176, To amend the Coastal Zone Management Act of 1972 to establish a Working Waterfront Task Force and a working waterfronts grant program, introduced by Rep. Pingree (ME-01).
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NEMWI: Strengthening the Region that Sustains the Nation
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