New Markets Tax Credits Awarded

Sixty-six organizations in 40 states have been awarded New Markets Tax Credits by the U.S. Treasury's Community Development Financial Institutions.

1 minute read

March 20, 2003, 10:00 AM PST

By Chris Steins @planetizen

"The credits are the first allocations in a five-year program that will total $14 billion by 2007. Awardees will be able to offer investors tax credits equal to 39 percent of the amount they invest, spread over seven years, in addition to any other financial return from the underlying investment."

Thanks to KnowledgePlex

Read the full story: Community Reinvestment Fund Largest National Recipient Of First-Ever Allocations Under New Markets Tax Credit; Minnesota Organization Receives $162.5 million In Credits

Friday, March 14, 2003 in Business Wire

Community / Economic Development Minnesota

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