CLAYTON 鈥 The U.S. Department of Treasury has awarded five 蜜芽传媒-area organizations $275 million in聽New Markets Tax Credits for projects aimed at spurring economic development.聽
The community development arm of U.S. Bank received $65 million, the most awarded to the regional groups.聽
Development entities for Enterprise Financial Services Corp. and national low-income housing developer McCormack Baron Salazar received $60 million each.聽
Heartland Regional Investment, affiliated with the 蜜芽传媒 Economic Development Partnership, received $50 million. 蜜芽传媒 Development Corp. received $40 million.聽
鈥淭he tax credits provided through this allocation provide a valuable tool to extend our reach and capacity to serve disinvested communities,鈥 Enterprise President and CEO Jim Lally said in a statement.聽
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The $275 million was awarded through the Treasury's Community Development Financial Institutions Fund, which awarded $15 billion in total across the country, according to a release.聽
