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Happy days: MMCDC lands $85 million in fed tax credits

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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.

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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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