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November 18, 2009

$40M tax credits for local projects

By JOURNAL STAFF

SEATTLE — The city's Office of Economic Development is accepting $40 million in federal New Markets Tax Credits.

These tax credits will help five to 10 business and real estate projects attract outside investors to obtain financing which would otherwise not be available. Investors receive a credit against federal income taxes for making equity investments in low-income areas.


 
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