BlueHub Capital has been awarded $65 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund, reports The Boston Business Journal. This makes the nonprofit a ten-time NMTC recipient.
Elyse Cherry, CEO of BlueHub Capital, said the allocation will enhance BlueHub's ability to support job creation and economic development by investing in manufacturing businesses and community facilities in targeted low-income communities.