The Goodnews Bay Regional Plant, a salmon processing plant located in Platinum, Alaska, and the Community Development Entities (CDEs) that helped fund the project using the New Markets Tax Credit program received the Non-Metro QLICI of the Year award at Novogradac & Company LLP’s New Markets Tax Credit Conference, held Oct. 20 in Chicago.
Travois New Markets, along with two other CDEs, Waveland Community Development and NCB Capital Impact, made a $41 million Qualified Low Income Community Investment in the project, which broke a processing bottleneck that had kept regional fishermen from realizing their potential income for years.
To read an article about the awards in the Novogradac Journal of Tax Credits, click here. The article may not be reprinted or redistributed without permission.