By Jeff Cotton, CEO of True Mountain Capital
Dear Friends, Partners, and Future Collaborators,
Today marks a significant milestone for True Mountain Capital as we introduce ourselves to the New Markets Tax Credit (NMTC) marketplace. Our intent with this blog is to communicate our companies’ goals as well as our commitment to fostering economic growth, sustainability, and resilience in underserved communities.
For those unfamiliar with the NMTC, it is a federal incentive program that attracts private investment to low-income urban neighborhoods and rural communities, providing a much-needed catalyst for revitalization. Since its inception in 2000, the NMTC has proven to be an invaluable tool for fostering economic development, generating $8 of private investment for every $1 of federal funding. The NMTC program aligns perfectly with our mission at True Mountain Capital - to not only achieve outstanding financial returns but also to make a profound, positive impact on the world around us.
Our experience is what sets True Mountain Capital apart in the NMTC marketplace along with our unwavering commitment to integrity, transparency, and partnership. True Mountain Capital's internal advisory team has over a decade of experience in the New Markets and Historic Tax Credit industry, with over $500 million in financing closed for approximately $750 million in project capitalization. We’ve also established technology leadership with our Summit™ software which is tailored to rapidly finding and managing projects thru the NMTC application process.
We believe in building long-term relationships with our stakeholders, based on mutual respect and shared values. Our goal is to be more than just a source of funding; we aim to be a valued partner in community development, working together with local leaders, businesses, and organizations to unlock potential and create lasting change.
As we embark on this journey, we invite you to join us. Whether you are an investor looking to make a meaningful impact, a community leader seeking innovative solutions, or simply someone passionate about driving positive change, we welcome your thoughts, ideas, and support. Together, we can turn the tide of economic disparity and build a brighter future for all.
Stay tuned for more updates, insights, and success stories from the field. The frontier of economic growth is wide open, and we are just getting started.
Thank you for your support and belief in our vision. Here’s to a future where every community can thrive.
Warm regards,
Jeff Cotton
President & CEO
True Mountain Capital, LLC
jcotton@truemountaincapital.com
(901) 347-7276