How New Markets Tax Credits Drive Local Investment

New Markets Tax Credits can help make community projects possible when traditional financing falls short.

On this episode of the DuPage Business Beat Podcast, Greg Bedalov, President & CEO of Choose DuPage, talks with Tom Oldenburg, Senior Vice President, Business Development Officer at US Bank, about New Markets Tax Credits (NMTC) and the role they can play in economic development.

Tom breaks down how NMTC financing works, what makes a project a strong candidate and why location and community impact matter. He and Greg also discuss a local DuPage County example and explore how this financing can support business growth, job creation, workforce development and investment in communities.

The conversation also offers a practical takeaway for businesses and developers: what types of projects might qualify, and what should you do if you think yours could be a fit?

To keep up with what’s happening in DuPage County and the Chicagoland region, follow Choose DuPage on social media or visit ChooseDuPage.com/Ready.

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