Of the $3.6 billion of New Tax Credits released by the U.S. Treasury, $60 million of that is designated to MCDC (Montana Community Development Corporation), located in Missoula, MT. These credits allow MCDC to offer tax credits to local companies looking to expand or start small businesses, who in turn get a credit against their federal income taxes. This is a great resource for Montana companies to put a plan in place and expand or create more jobs. I think with the slow-but-steady increase in business and real estate last year, and the amount of use these credits are put use, we have a reason to feel optimistic going into 2012. This allows the economic ball to continue rolling, and it creates more ways for dollars to be brought into the state and traded within our local companies.
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