Socially-Responsible Private Equity and Venture Capital
MetaFund can facilitate the Community Development Financial Institution (CDFI) Fund's New Markets Tax Credit (NMTC) program. As a brief overview:
NMTCs apply a 39% tax credit over a 7-year period to qualifying investments in a qualifying business (located in a low-income census tract). For more information regarding the NMTC Program, please visit the CDFI Fund's website.
Before the tax credits were placed under an indefinite moratorium, MetaFund also facilitated the Oklahoma Small Business Capital Formation Incentive Act tax credits. This program allowed for a 20% or 30% (for urban and rural projects, respectively) tax credit for investments in businesses of a qualifying nature.