Article: SEN. COLEMAN APPLAUDS $215 MILLION IN NEW MARKETS TAX CREDIT AWARDS FOR MINNESOTA COMMUNITIES

The office of Sen. Norm Coleman, R-Minn., issued the following news release:

Senator Norm Coleman applauded the Department of Treasury's announcement today that three Minnesota organizations, Midwest Minnesota Community Development Corporation based in Detroit Lakes, National New Markets Tax Credit Fund based in Minneapolis, and Capital City Properties based in St. Paul, will receive a total allocation of $215 million in New Markets tax credits to support investments in low-income communities.

"More than ever with today's tough economy, Minnesota's communities - both urban and rural - need the critical economic development support provided by the New Markets Tax Credit program," said ...

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