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Montana & Idaho CDC receives $90 million for startups, expansions

Press release

MISSOULA — The U.S. Treasury Department has announced an award of $90 million in New Markets Tax Credits to the Montana & Idaho Community Development Corporation to be awarded to eligible applicants including in Havre.

MICDC is one of only four organizations to receive the largest award during this round of allocations, and the only one not working on a national level.

This is the seventh award MICDC has received since 2008 and brings its cumulative total to $430 million.

MICDC works with investors to turn New Markets Tax Credits into cash that can be used to finance b...

 

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