(Archived Content)
FROM THE OFFICE OF PUBLIC AFFAIRS
JS-1532
Deputy Assistant Secretary, Dan Iannicola, Jr. will present a $52 million award to the St. Louis Development Corporation, one of the 62 organizations selected by the U.S. Department of the Treasury to receive a total of $3.5 billion in tax credit allocations through the second round of the New Market Tax Credit Program (NMTC), as recently announced by Secretary John W. Snow. The NMTC program attracts private-sector capital investment into urban and rural low-income areas to help finance community development projects, stimulate economic opportunity and create jobs in the areas that need it most.
St. Louis Development Corporation is the economic development agency for the city of St. Louis that has formed partnerships to invest in distressed areas of the bi-state St. Louis region.
**WHO:**Deputy Assistant Secretary, Dan Iannicola, Jr.
**WHAT: **Presenting a New Market Tax Credit award to the St. Louis Development Corporation.
**WHEN: **Tuesday, May 11, 200410:30 a.m. to 11:00 a.m. CDT
**WHERE: **Center for Emerging Technologies4041 Forest Park Ave.St. Louis, MO 63108
**Media interested in covering this event should call Treasury’s Office of Public Affairs at 202/622-2960