(EMAILWIRE.COM, May 27, 2009 ) Washington D.C. - On Wednesday, Secretary Geithner will travel to Massachusetts to announce the national recipients of $1.5 billion in New Markets Tax Credit awards made possible through the American Recovery and Reinvestment Act. At noon, Secretary Geithner will be joined by Governor Deval Patrick, Congressman Barney Frank, and Congressman Mike Capuano at Project Hope, a New Market Tax Credit beneficiary in Roxbury, to announce the 32 organizations throughout the country receiving awards. The New Market Tax Credit program incentivizes private-sector capital investment in communities around the country to create jobs, stimulate economic growth, and jumpstart the lending necessary for financial stability.


Following the event, Secretary Geithner will meet with Governor Patrick at the Massachusetts State House.


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