Happy days: MMCDC lands $85 million in fed tax credits
Good news for economic development in the area, and across Minnesota -- the Midwest Minnesota Community Development Corp. in Detroit Lakes has been awarded $85 million in federal New Market tax credits.
The MMCDC is the only entity in Minnesota to receive an allotment of tax credits this year, and this third allotment follows the successful administration of $35 million in tax credits in 2004 and $80 million in tax credits last year.
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