A public company (“the Company”) is a leading manufacturer of heating and cooling products. The Company received a $23 million New Markets Tax Credit (NMTC) allocation for its new facility expansion at its Longview, Texas manufacturing plant. The NMTC program was created under the Community Renewal and Tax Relief Act of 2000 to stimulate economic growth and increase the flow of capital to businesses and low-income communities by providing a modest tax incentive to private investors.
Listen Here
A public company (“the Company”) is a leading manufacturer of heating and cooling products. The Company received a $23 million New Markets Tax Credit (NMTC) allocation for its new facility expansion at its Longview, Texas manufacturing plant. The NMTC program was created under the Community Renewal and Tax Relief Act of 2000 to stimulate economic growth and increase the flow of capital to businesses and low-income communities by providing a modest tax incentive to private investors.