Bill to Aid Manufacturing Communities Goes to Senate

Youngstown Business Journal

WASHINGTON -- An amendment by U.S. Sen. Sherrod Brown to establish a tax credit to create manufacturing jobs in communities that have suffered significant manufacturing jobs loss was included in legislation approved Thursday by a committee and passed on to the Senate for full debate.

Brown’s amendment, based on his Manufacturing Communities Investment Act and the success of the New Markets Tax Credit, provides incentives for developers to invest in low income areas. Brown’s amendment and an extension of the general New Markets Tax Credit, was included in the Expiring Provisions Improvement Reform and Efficiency Act.

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Bill to Aid Manufacturing Communities Goes to Senate »