Timothy Geithner reveals tax credit plan in Chicago
(AP) — Treasury Secretary Timothy Geithner is in Chicago to announce plans for $5 billion in investment for struggling communities nationwide.
He’s scheduled to tour a job training on the city’s West Side with Mayor Richard Daley.
After that, Geithner is expected to announce that three Chicago-area institutions will receive awards under the New Markets Tax Credit program.
The program was started in 2000 and is credited with creating hundreds of thousands of jobs. The idea is to provide business tax credits in areas hit hard by the downturned economy to create and save jobs.
Geithner will be at the Greater West Town Community Development Project, which has offered career development services for more than two decades. The center has received help under the tax credit program.
Related posts:
- Connie Mack calls Timothy Geithner a “disaster”, demands resignation Connie Mack, an outspoken Florida Republican Representative, called for newly appointed Secretary of Treasury Timothy Geithner to be fired Wednesday. Connie Mack is the first...
- Geithner unveils plan for “toxic” assets The long awaited day where the Secretary of Treasury, Timothy Geithner, would finally unveil a plan to address the “toxic” assets on the books of...
- Breaking details of Geithner’s bank bailout plan; a first look before he releases it tommorow At 11am tomorrow morning, Timothy Geithner is set to unveil his much anticipated bank bailout plan. As information slowly leaks out, I wanted to give...
- Chicago Midway Airport deal falls through The $2.52 billion, 99-year, deal for the Chicago Midway Airport has gone sour. According to Gene Saffold, CFO of the Midway Investment and Development Company,...
- Use your “first-time homebuyer credit” as part of your downpayment Secretary of the US Department of Housing and Urban Development (HUD), Shaun Donovan, pointed out that the Federal Housing Administration (FHA) will allow its lenders...
(No Ratings Yet)
Loading ...