Leveraging Capital

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McCarthy, James
Economic development
article description
CEI Capital Management LLC is using the New Markets Tax Credits, a program created by the federal government in 2000 to help stimulate investment and economic growth in low-income communities, to drive capital into distressed local communities. How that has been achieved and the future of the New Markets Tax Credit program is described. Included is a text box highlighting three recent New Markets Tax Credit projects in Maine.