On the recordFebruary 16, 2017
The new market tax credits have helped inject new economic viability into my western New York community. The program continues to help revitalize economically distressed cities throughout America; in western New York, more than $300 million in private investment in the past decade that would not have occurred without the tax credit program. Historically and architecturally significant buildings like the Electric Tower and Asbury Hall in downtown Buffalo are buzzing with new residential and commercial life. Most recently, Roswell Park Cancer Institute, the Nation's first cancer center, opened their new clinical sciences building with the help of the new market tax credit program. I urge my colleagues to support my legislation to make the new market tax credits permanent. ____________________
Source
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