JS-1532: Treasury's Iannicola to Award New Market Tax Credit in St. Louis on <script type="text/javascript"> var wmNotice = "UNT Web Archive - External links, forms, and search boxes may not function within this collection. Url: http://www.treas.gov/press/releases/js1532.htm time: 14:07:35 Jan 15, 2009"; var wmHideNotice = "hide"; var contextRoot = "https://webarchive.library.unt.edu/eot2008/"; </script> <script type="text/javascript" src="https://webarchive.library.unt.edu/eot2008/js/disclaim.js"></script> <br> Tuesday, May 11, 2004



	FROM THE OFFICE OF PUBLIC AFFAIRS May 10, 2004 JS-1532 Treasury's Iannicola to Award New Market Tax Credit in St. Louis on Tuesday, May 11, 2004 Deputy Assistant Secretary, Dan Iannicola, Jr. will present a $52 million award to the St. Louis Development Corporation, one of the 62 organizations selected by the U.S. Department of the Treasury to receive a total of $3.5 billion in tax credit allocations through the second round of the New Market Tax Credit Program (NMTC), as recently announced by Secretary John W. Snow. The NMTC program attracts private-sector capital investment into urban and rural low-income areas to help finance community development projects, stimulate economic opportunity and create jobs in the areas that need it most. St. Louis Development Corporation is the economic development agency for the city of St. Louis that has formed partnerships to invest in distressed areas of the bi-state St. Louis region. WHO: Deputy Assistant Secretary, Dan Iannicola, Jr. WHAT: Presenting a New Market Tax Credit award to the St. Louis Development Corporation. WHEN: Tuesday, May 11, 2004 10:30 a.m. to 11:00 a.m. CDT WHERE: Center for Emerging Technologies 4041 Forest Park Ave. St. Louis, MO 63108 **Media interested in covering this event should call Treasury's Office of Public Affairs at 202/622-2960