Job Impacts

As of December 31, 2016, CDF’s 27 investments have allowed local businesses and community-based organizations to retain or create 3,090 full-time equivalent jobs. Combined, the projects funded to date are anticipated to support 3,460 full-time equivalent positions at full operation – every $23,560 in NMTC subsidy has supported roughly one permanent FTE.  The average salary of full-time employees in 2016 was $42,958, for a total of $125.9 million in 2016 payroll. These CDF-supported projects will also provide education, recreation, job training and healthcare services to nearly 155,000 clients per year at full operation.