Clocktower Tax Credits

What Clocktower Tax Credits does

Clocktower Tax Credits, LLC is a privately held national brokerage firm founded in 2010 by Jeff Jacobson and headquartered in Maynard, Massachusetts. The firm acts as an intermediary between developers and producers who generate federal and state tax credits (across film and digital media, real estate, renewable energy, and economic development) and institutional investors — including corporations, banks, and insurance companies — seeking to acquire those credits to offset their tax liabilities. Clocktower structures deals ranging from simple certificate sales to complex tiered partnerships, and clears all transactions through its broker-dealer, Northeast Securities, Inc., reflecting the firm's treatment of tax credits as securities.

The firm's product surface spans four verticals: Film & Digital Media tax credits, Real Estate-based credits (Affordable Housing/LIHTC, Historic Rehabilitation, Brownfield, Easement Donation), Renewable Energy credits (Federal ITC, Federal PTC, and State Energy credits), and Economic Development credits (New Markets, R&D, Enterprise Zone). The company has expanded into additional Non-Real Estate state credit programs (e.g., Indiana Venture Capital, Arkansas Equity Investment, Kansas Angel Investor, Colorado Job Growth, Louisiana R&D). Its principals claim to have raised over $250 million in equity capital through hundreds of transactions across 30+ states; one associate alone has facilitated 145+ projects in 14 states.

Clocktower operates with a small team of approximately seven employees, with offices in Maynard (HQ), Boston, New York, Los Angeles, Naples, and Charlotte. Revenue is generated transactionally through brokerage fees on credit placements, with typical institutional transaction sizes exceeding $100,000 in face value and large renewable-energy streams reaching $50-100 million. Go-to-market is sales-led and relationship-driven, leveraging industry events (SXSW, Chicago International Film Festival, American Film Market), content marketing, and direct outreach. The firm has positioned itself as a pioneer in state transferable tax credits since well before the Inflation Reduction Act of 2022 expanded the federal transferable credit market.

Name

Clocktower Tax Credits

Legal name

Clocktower Tax Credits, LLC

Website

https://clocktowertaxcredits.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Clocktower Tax Credits is a national broker that matches developers and producers who generate federal and state tax credits with institutional investors seeking to monetize tax liabilities, covering film, real estate, renewable energy, and economic development credits.

Ownership category

akta.pro rank

Product category

Tax Credit Brokerage

NAICS

Other Accounting Services (541219)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Carbon Credit Brokerage & Trading (Spot, Forward, Structured Products) (EUABADAB)

akta.pro secondary industries

Real Estate Tax, Incentives & Cost Segregation Advisory (BPAJANAJ), Energy Efficiency & Green Retrofit Financing (FSALAHAK)

Keywords

• Tax credit brokerage
• Tax credit financing
• Transferable tax credits
• Institutional tax credit placement
• Renewable energy tax credits

Headquarters

HQ city

Maynard

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Tax Credit Brokerage Fees: Clocktower earns fees as a broker facilitating the transfer of tax credits from developers/producers to institutional investors. They work to find the 'sweet spot' of deal points that bring both parties to closing. Transactions range from simple tax credit certificate sales to complex tiered partnerships. The firm considers tax credits to be securities and clears all transactions through their broker-dealer, Northeast Securities, Inc.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Clocktower Tax Credits, LLC is a national broker of State and Federal tax credit incentives that matches developers and producers sponsoring tax credit projects with institutional investors (corporations, banks, insurance companies) seeking tax relief. The firm provides full-service brokerage across tax credit verticals including Film & Digital Media, Real Estate (Affordable Housing, Historic Rehabilitation, Brownfield, Easement Donation), Renewable Energy (Federal ITC, Federal PTC, State Energy), and Economic Development (New Markets, R&D, Enterprise Zone) programs, with all transactions cleared through their broker-dealer, Northeast Securities, Inc.

Product overview

Clocktower Tax Credits is a national broker of State and Federal tax credit incentives that matches developers and producers sponsoring tax credit projects with institutional investors seeking tax relief. Their service offering is not a unified software platform but rather a full-service brokerage operation covering multiple tax credit verticals. The core product portfolio includes Film & Digital Media Tax Credits (for film/TV production financing), Real Estate Tax Credits (encompassing Affordable Housing, Historic Rehabilitation, Brownfield, and Easement Donation sub-products), Renewable Energy Tax Credits (covering Federal ITC, Federal PTC, and State Energy programs), and Economic Development Tax Credits (including New Markets, R&D, and Enterprise Zone programs). The company also recently expanded into Non-Real Estate Tax Credit Programs. Transactions are facilitated through their broker-dealer relationship with Northeast Securities, Inc.

Differentiator

Problem solved

Functional benefit

Products and services

• Film & Digital Media Tax Credits

Quantifiable outcome

• Over $250 million in equity capital raised through hundreds of transactions
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Preservation of Affordable Housing (POAH)coreStrategic or Co-development Partner · 14 July 2025Clocktower partnered with POAH to place MA Historic and MA LIHTCs from two affordable housing projects: Columbia Crossing in Dorchester (48 units) and Gardner Terrace II & Hebronville Mill Apartments in Attleboro (135 units). Both projects broke ground in 2025 with ribbon cuttings expected in 2027.
• Evergreen Real Estate GroupminorStrategic or Co-development Partner · 31 March 2025Clocktower supported Evergreen Real Estate Group's groundbreaking on the Leyden Senior Apartments project through tax credit financing.
• Affirmative Investments, Inc.minorStrategic or Co-development Partner · 19 February 2025Clocktower partnered with Affirmative Investments to help tackle shortage of affordable housing on Martha's Vineyard through tax credit monetization.
• Northeast Securities, Inc.coreChannel Partner/ Reseller/ DistributorAll tax credit transactions are cleared through their broker-dealer, Northeast Securities, Inc. of Uniondale, NY. This partnership enables the firm to legally process securities transactions for tax credits.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Baker Tilly: Advisory firm with a renewable energy and tax credit practice — adjacent competitor and ecosystem partner that advises developers and investors on tax credit transactions, occasionally competing for advisory-driven mandates.
• Novogradac: Accounting and consulting firm dedicated to tax credit advisory (LIHTC, Historic, NMTC, R&D, renewable energy) — adjacent competitor that helps institutional investors evaluate and price tax credit investments Clocktower brokers.
• CohnReznick: Major accounting and advisory firm with a substantial tax credit services practice — competes indirectly by advising both developers and investors on tax credit transactions, often adjacent to brokerage mandates.

Direct peers

• Enterprise Community Investment: Mission-driven LIHTC and tax credit syndication arm of Enterprise Community Partners — operates a comparable brokerage/syndication platform for affordable housing tax credits targeting institutional investors.
• Hunt Capital Partners: Major LIHTC and affordable housing tax credit syndicator with nationwide footprint — directly competes for the same affordable housing developer relationships and investor allocations.
• WNC & Associates: National LIHTC and tax credit syndicator with deep affordable housing focus — directly competes with Clocktower's real estate / LIHTC practice serving the same developer sellers and institutional investor buyers.
• R4 Capital: Specialized affordable housing tax credit syndicator focused on LIHTC and renewable energy credits — a direct competitor in Clocktower's real estate and energy credit verticals.
• Foss & Company: Established tax credit syndicator and investment firm — the largest direct peer given that Clocktower's founder Jeff Jacobson spent nine years there (2001-2010) and historically raised $250M+ for the same client base of institutional tax-credit buyers.
• NTCIC (National Trust Community Investment Corporation): CDFI and tax credit syndicator specializing in historic rehabilitation, New Markets, and renewable energy credits — overlaps with Clocktower's historic and economic development practices.

Broad incumbents

• PNC Real Estate / Community Development: Large regional bank with a community development / tax credit syndication platform — competes for institutional buyer allocations but as part of a much broader banking and CRE finance portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/clocktower-tax-credits-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clocktower Tax Credits