KBZK: Sen. Daines sees New Markets Tax Credit Program working at Universal Athletics
BOZEMAN -Senator Steve Daines toured the new Universal Athletics headquarters Monday, a new facility in Midtown Bozeman, that was made possible through the New Markets Tax Credit Program.
Universal Athletics is the third business that the New Markets Tax Credit Program, or NMTC along with the Montana and Idaho Community Development Corporation has financed in Bozeman. Universal Athletics was originally located on East Main in downtown Bozeman, but as the company expanded they were running out of room. Instead of having to move to a location where the costs would be lower, NMTC allowed universal athletics the opportunity to stay in the heart of town.
"States like Montana, this public-private partnership we bring together our community, our local banks, our small businesses, to grow jobs, to grow businesses and this story here in Bozeman is yet another success story of why these new market tax credits actually work." said Sen. Daines.
The New Markets Tax Credit was also recently used in Great Falls to complete the new rescue mission facility.
By: MTN News
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