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Montana CDC Receives $65 Million Allocation to Fund Start Ups and Expansions

The US Treasury Department announced on June 15 an award of $65 million in New Markets Tax Credits (NMTC) to Montana Community Development Corporation (Montana CDC).

With the award, Montana CDC will continue to fund business start-ups and expansions in Montana and Idaho that create jobs and significant community impact. This is the sixth award Montana CDC has received since 2008, and it brings their cumulative total to $341 million.

Montana CDC works with investors to turn the credits into cash and then uses that cash to make projects like the Red Lion Inn in Polson, Montana, and the Golden Valley Natural facility in Shelley, Idaho, a reality.

Full Story: http://mtcdc.org/about-us/news-reports/montana-cdc-receives-65-million-allocation-to-fund-start-ups-and-expansions/

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