Banks Expanding Access to Food

Banks Expanding Access to Food - Banks Expanding Access to...

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Banks Expanding Access to Healthy Foods U.S. Bancorp Community Development Corp. (USBCDC), a subsidiary of U.S. Bank, and Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co., will each make use of the New Markets Tax Credit (NMTC) program to support separate projects that will improve access to fresh, healthy food for residents in underserved communities across the country. The funding will additionally help create new jobs and stimulate local economic development in low-income areas. “Access to healthy food is a critical problem for millions of Americans,” noted Matt Philpott, director of new markets, historic and renewable energy tax credit investments for St. Louis-based USBCDC. “While we are proud to have a strong record of investing in projects that promote healthy outcomes, we agree that there should be broader effort to invest in businesses that will address this issue. By working with our valued partners across the country and leveraging the United States Department of Agriculture, Health
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This note was uploaded on 07/26/2011 for the course MRKT 23232 taught by Professor Sakibury during the Spring '11 term at Harvard.

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Banks Expanding Access to Food - Banks Expanding Access to...

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