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Treasury Gives $3.5B In Tax Credits To Stimulate National Economy

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Feb. 13 (UPI) -- The U.S Treasury's Community Development Financial Institutions Fund announced Tuesday it's awarded $3.5 billion in New Markets tax credits, in a bid to stimulate the national economy.

The treasury said in a statement the tax credit allocation awards will help stimulate investment and economic growth in low-income urban neighborhoods and rural communities across the United States.

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Source : https://www.upi.com/Top_News/US/2018/02/13/Treasury-gives-35B-in-tax-credits-to-stimulate-national-economy/8571518540628/

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