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To date, SECDE's $53 millon allocation of New Markets Tax Credit (NMTC) authority from the U.S. Treasury's Department's Community Development Financial Institutions (CDFI Fund) represents the largest allotment of NMTCs to a Mississippi based Community Development Entity (CDE). The NMTC program was created to promote economic revitalization and community development in low-income areas. NMTCs offers investors the ability to claim tax credits against federal income taxes when they invest with CDEs. These investments allow CDEs to direct these private-sector investments toward projects in low-income communities within a CDEs service area.