St. Louis County economic development fund receives $50M in federal tax credits

St. Louis County economic development fund receives $50M in federal tax credits

The $50 million award to the Heartland Fund matches the largest allocation the fund received in 2020, according to a release.

Heartland Regional Investment Fund Secures $50M in New Markets Tax Credits for St. Louis Region - Construction Forum

The Heartland Regional Investment Fund, LLC (HRIF), a certified Community Development Entity and subsidiary of the St. Louis Economic Development Partnership, has been awarded $50 million in New Markets Tax Credits (NMTC) by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. The allocation matches the largest NMTC award in HRIF’s history, which was received in 2020, and will support investment in economicall…