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NEW MARKETS TAX CREDIT FINANCING
Certified Community Development Entity
OUR MISSION
Urban Research Park CDE, LLC (URP) was founded in 2004 with a mission to serve low-income communities (LICs) and low-income persons (LIPs) by expanding (1) healthcare access and services, (2) education in allied health and technical fields, and (3) emerging technology and manufacturing business. URP accomplishes its mission through participation in the federal New Markets Tax Credit (NMTC) program.
To date, URP has received and deployed over $500 million in NMTC capital, funding 40 projects in 25 states throughout the U.S. In the past 10 years, URP's projects have created and retained nearly 15,000 jobs (54% of which are accessible to LIPs), provided over 715,000 annual healthcare visits (84% to LIPs), and provided degree and certification programs to over 12,000 students each year (66% to LIPs).