GOSHEN MAIN STREET DESIGNATED AS A NATIONAL CERTIFIED MAIN STREET
Torrington, WY – On behalf of Main Street businesses throughout Goshen County, Goshen Economic Development began the process of becoming a National Certified Main Street three years ago. The process included the addition of events such as 3rd Thursday’s and expansion of existing events such as Holiday activities. National Main Street Certification creates national exposure, provides additional grant funding opportunities, and results in a cohesive community.
New Markets Tax Credit Program
The New Markets Tax Credit (NMTC) program provides capital for businesses, developers, and nonprofits to help make their projects a reality.
Did you know?
New Markets Tax Credits have become one of the most competitive sources of financing available in the United States!
Through the NMTC program, a qualifying project can receive 18-23% of the financing it needs in the form of a very low-interest loan that, ultimately, can be forgiven and would not have to be repaid.
Is your potential location in a qualifying area? Find out by typing the address into the eligibility map below.
How a Project Qualifies
Your project qualifies for the NMTC program if:
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Project is in a qualifying census tract, or Project will mainly hire or serve low-income people
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Project is over $4 million in total project costs
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No more than 80% of the Project's ongoing revenue will come from housing rental income
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Project can demonstrate it needs NMTC financing assistance
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Project will benefit the community
Qualifying Project Types
Qualifying project types include:
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Commercial Development
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Community Facilities
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Health Care
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Manufacturing
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Mixed Use
Available Loan Types
The NMTC program provides the following types of loans:
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Bank Partnership
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Bank Participation
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Construction
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Lines of Credit
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Term
