Understanding the New Markets Tax Credit Program and Its Importance to the Pittsburgh Metropolitan Region

Hold onto your wallets. Here is the latest ploy. If some running mates want to go -- take good notes and report back to us all, please.

Wednesday, August 24, 2005
8:00 a.m. until Noon
Buchanan Ingersoll PC, One Oxford Centre - 20th Floor, 301 Grant Street, Pittsburgh

Hosted by Congressman Mike Doyle, Allegheny County Councilman Dave Fawcett and the Pittsburgh Metropolitan Area NMTC Community Development Fund Corporation invite you to attend a presentation on the New Markets Tax Credit ("NMTC") Program.

The NMTC Program has the potential to create both community development and financial rewards in Western Pennsylvania. Western Pennsylvania has been virtually ignored during the first three years of the NMTC Program. Congressman Doyle, County Council Member Fawcett, and the Corporation have taken the lead in an effort to change this and allow Western Pennsylvania to reap the benefits of the NMTC Program.

As a result, the presentation has been organized as a means of involving those persons whose professional and personal commitments lie in the community development area in support of an application for an award of tax credits under the NMTC Program that will be used solely for projects in Western Pennsylvania.

Prior to the presentation, program organizers encourage you to think of programs and projects within the scope of your organization's activities that are located in "low-income communities" and come to the meeting prepared to discuss the programs and projects and whether they qualify for the NMTC Program. Likewise, it would be helpful if would think about providing a commitment from your organization to support the Corporation's application under the NMTC Program. Your help will be of significant assistance to the Corporation in preparing a strong application for an allocation of NMTCs and increase its chances of success.

There is no charge for the presentation. Seating is limited.

Please RSVP at (412) 562-8437 or crimonek@bipc.com. If you have any questions in advance of the presentation, please call John Previs at (412) 562-8957 or previsjr@bipc.com.