Silverlode's economic impact assessment enabled a multistate financial institution to obtain New Market Tax Credits.
Economic Impact Analysis
A multistate financial institution was seeking a new round of New Markets Tax Credit allocations. Part of the complex application process involved demonstrating the success they had achieved in prior funding rounds. The client engaged Silverlode to conduct an economic impact assessment.
Silverlode analyzed 12 investment projects totaling more than $118 million that were funded in part by New Market Tax Credits provided by the client. We helped the client quantify and communicate the significant construction period and permanent impacts that had been generated by these projects, including jobs, payroll, and taxes. The company was successful in its quest for additional credits.