May 25, 2015
LAS VEGAS (AP) - Las Vegas will get $28 million through a tax credit program that encourages investments in low-income communities.
Senate Majority Leader Harry Reid and Las Vegas Mayor Carolyn Goodman announced Monday that the city received the award through the Treasury Department's New Markets Tax Credits program.
The city is the only entity in Nevada to receive funds through the program this year.
The program was established in 2000 to attract private investment in distressed communities. Federal officials estimate the program has created nearly 600,000 new jobs since its inception.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.