Tax Credits Available from ShoreBank for Green Collar Jobs

News from ShoreBank

ShoreBank will use $35 million of Tax Credits to Promote Green Collar Jobs

ShoreBank was awarded $35 million in New Markets Tax Credits by the U.S. Treasury Department in June and is hard at work identifying energy-efficiency, alternative energy and green building projects in Chicago, Cleveland and Detroit that can benefit from the funds.

Of special interest:

• Grocery stores and retailers who want to reduce utility expenses or develop new green buildings
• Community organizations that would like to complete energy-efficiency retrofits or other green improvements to reduce operating costs
• Schools, affordable housing developers, and hospitals looking at installing alternative energy systems that will reduce costs

This allocation is the result of a competitive process, open to certified organizations investing in low- and moderate-income communities. To learn about this program, see www.cdfifund.gov.