The New Markets Tax Credit Coalition released the 2019 version of its annual New Markets Tax Credit (NMTC) Progress Report. It shows that in 2018, community development entities used $3.2 billion in NMTC allocation to finance 286 projects in 48 states, Puerto Rico and the District of Columbia. This financing resulted in the creation of 58,360 total jobs, including 32,917 permanent full-time-equivalent jobs and 25,443 construction jobs. In addition, nearly 80 percent of financed projects are located in severely distressed communities and 20 percent are in nonmetropolitan counties with an additional nine percent in rural areas of metropolitan counties.