Creating New Markets and Empowering America Act of 2000

[AI summary unavailable — showing source text] Creating New Markets and Empowering America Act of 2000 - Title I: New Markets Tax Credit - Amends the Internal Revenue Code (the Code) to provide a limited new markets tax credit for taxpayers holding a qualified equitable investment for amounts paid to a qualified community development entity for authorized investments. Title II: America's Private Investment Companies - Authorizes the Secretary of Housing and Urban Development to license America's Private Investment Companies (for-profit investment entities qualifying as community development entities). Title III: Community Development and Venture Capita l- Subtitle A: New Markets Venture Capital Program - Amends the Small Business Investment Act of 1958 to establish a New Markets Venture Capital Program under which the Administrator of the Small Business Administration (SBA) is authorized to make grants to new market venture capital companies (NMVCs) and specialized small business investment companies and to guarantee debentures issued by NMVCs. Subtitle B: Community Development Venture Capital Assistance - Authorizes the SBA Administrator to: (1) contract with one or more community development organizations to carry out trainin…