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10.30.2009 12:13 pm

Feds award $320 million in tax credits to St. Louis-based groups

St. Louis Post-Dispatch

The U.S. Treasury issued $5 billion in tax credits for urban redevelopment Friday, including $320 million to St. Louis-based organizations.

The so-called New Markets Tax Credits are usually sold by developers to raise cash for projects and are a common ingredient in…

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