Last week, a bipartisan group of lawmakers introduced the Rural Jobs Act, legislation that would build on the success of the New Market Tax Credit (NMTC) by bringing hundreds of millions of dollars in private investment to some of the most disadvantaged rural communities in America. The bill would amend the Internal Revenue Code of 1986 to designate $1 billion in NMTC investments for Rural Job Zones—defined as areas with less than 50,000 residents and are not urbanized areas adjacent to a city or town—collectively for fiscal years 2022 and 2023. Under this definition, Rural Job Zones would be established in 342 out of the 435 Congressional districts across the U.S.