Firm News

December 20, 2023

New Markets Tax Credits: A New Webinar This January

On January 17, 2024, Truist and Alloy Silverstein Accountants and Advisors will be hosting a complimentary webinar on New Markets Tax Credits.

An Introduction to New Markets Tax Credits (NMTC)

Are you a non-profit, commercial business, or commercial developer? Looking to expand into underserved communities? Keen on knowing the latest tax strategies and credits to take advantage of? New Markets Tax Credits may be an opportunity for you.

Join Alloy Silverstein’s next webinar to learn about the New Markets Tax Credits program, the first tax credit program to stimulate commercial investment in low-income communities. Administered by the U.S. Department of Treasury, this program gives individuals and businesses the opportunity to fuel the physical and economic revitalization of distressed communities while providing favorable benefits including below market interest rates, flexible terms and much more.

Meg Wentzel, New Markets Tax Credit Relationship Manager for Truist Community Capital, will go into detail on:

  • What are New Markets Tax Credits (NMTC) and their benefits?
  • What projects and locations qualify for NMTC?
  • What is the application and lending process?
  • How Truist and your CPA help facilitate the process
  • and more

Sign up now to hear more about this impactful lending program!

 

Event Details

Wednesday, January 17, 2024
11:30am-12:30pm
Zoom Webinar

Register 

 

About the Speaker:

Meg Wentzel is a New Markets Tax Credit Relationship Manager for Truist Community Capital, a subsidiary of Truist Financial Corporation. She is responsible for sourcing and closing NMTC projects in partnership with various teammates from across the Truist footprint. Her role includes originating, structuring, and supporting Truist clients by delivering customized NMTC solutions. She is also responsible for growing the business, educating internal and external stakeholders, and working with various business partners to deliver Truist’s Purpose, Mission, and Values.

Since being named to this position in April 2022, Meg has developed relationships with Community Development Entities, consultants, and community leaders to successfully close on over $135 million of NMTC allocation. With more than 10+ years of banking experience, she previously served as Commercial & Industrial Banker, Commercial Real Estate Banker, and Middle Market Portfolio Manager with Truist.

Passionate about staying connected to the local community, Meg serves on the Risk Management Association board for the Philadelphia Chapter. Previously, she served as Board President (2022) and Young Professionals Chair (2017-2021) of the Risk Management Association.

Meg earned a Master’s Degree in Accounting and Financial Management from Keller Graduate School of Management and a Bachelor’s Degree in Business Management and Economics from Washington College. When she isn’t working, Meg enjoys playing golf, running, snowboarding, and traveling with friends .

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a top 10 U.S. commercial bank with leading market share in many high-growth markets, Truist is headquartered in Charlotte, North Carolina, and offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Truist Bank, Member FDIC. Learn more at Truist.com.