Making News

Missoula Food Bank Expanding with Help of New Markets Tax Credits

To meet growing demand for its services, the Missoula Food Bank on Monday, Feb. 27, 2017, closed on financing for its new $6.6 million headquarters at 1720 Wyoming St. with the help of the Montana & Idaho Community Development Corporation, First Security Bank and the New Markets Tax Credit (NMTC) Program. Using NMTCs, the Montana & Idaho CDC provided $1.4 million in funding that the Food Bank wouldn’t otherwise have received. Construction of the new headquarters wouldn’t have been possible on the same scale without NMTC funding. The Food Bank expects to move into its new headquarters in May.

Complete Missoulian Article