The New Markets Tax Credit (NMTC) provides a federal tax credit to business developers that covers 39% of their original investment claimed over a seven-year period.
The NMTC has been authorized through 2025 and is available in designated census tracks throughout San Benito County, as defined below.
Census Tract #1 includes the Hollister Municipal Airport—and the land surrounding the Airport—as well as north San Benito County.
Census Tract #2 includes San Juan Bautista, Aromas, and much of the southern and westerly areas of San Benito County, all the way to the Monterey County line.
Census Track #4 covers the City of Hollister’s downtown area.