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Tag Archives: creation
Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwide

Treasury Announces $3.5 Billion in New Markets Tax Credit Awards to Spur Economic Growth Nationwide

WASHINGTON: In a long awaited announcement several months late, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) announced more than $3.5 billion in New Markets Tax Credit awards aimed at stimulating investment and economic growth in low-income urban neighborhoods and rural communities nationwide. A Read more