Bozeman, Mont., April 18, 2017 /PRNewswire-USNewswire—U.S. Senator Steven Daines toured the new corporate headquarters of Universal Athletic Services on Monday. Senator Daines was also joined by Bozeman Mayor Carson Taylor and Bozeman Director of Economic Development Brit Fontenot for a press conference following the tour that was hosted by Universal Athletic Services and Montana & Idaho Community Development Corporation. The purchase and rehabilitation of the new facility was made possible through the use of the New Markets Tax Credit (NMTC) Program, a federal program operated by the CDFI Fund at the U.S. Treasury that provides critical financing to rural and urban communities in Montana, and nationwide. In 2015, Montana & Idaho Community Development Corporation provided a NMTC allocation to fill a financing gap, allowing the athletic apparel company to proceed with its purchase of the former Van's IGA grocery store on North 7th Avenue for its new headquarters.
"The New Markets Tax Credit is a proven vehicle that spurs private development, creates good paying jobs and increases economic opportunity. This tax credit has already helped to facilitate almost $30 million in capital invested in the area which has created more good paying Montana jobs," said U.S. Senator Steve Daines.
Read the full release here.