Senators Stabenow, Peters Announce Multi-Million Dollar Tax Credit Allocations to Support Economic Development in Michigan

Senators Debbie Stabenow, a senior member of the Senate Finance Committee, and Gary Peters yesterday celebrated a $55 million tax credit allocation for community development projects to grow the economy and create jobs in Michigan and three other states. The support comes through the Treasury Department’s New Markets Tax Credit Program, which helps spur critical investments in low-income communities. The NMTC allocation will help Great Lakes Capital Fund invest in low-income areas in Michigan, Indiana, Illinois and Wisconsin.

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