Washington, DC
Neal to Speak at Groundbreaking Ceremony
(SPRINGFIELD) New Markets Tax Credits, a program originally sponsored by Congressman Richard E. Neal, has made a vital contribution toward New England Public Radio moving to downtown Springfield. Neal will participate in a groundbreaking ceremony with NEPR officials and highlight the direct impact of this critical funding.
“Since 2000, New Markets generated $45 billion in capital and created over 500,000 jobs in traditionally overlooked communities- like Springfield- in order to spur economic development, private investment and create jobs,” said Neal. “NEPR will serve as an anchor in downtown Springfield while continuing to provide education and entertainment throughout the Pioneer Valley. The fact that NEPR will be opening a state-of-the-art broadcast facility on Main Street is another indication that downtown Springfield is being revitalized block by block. By choosing the iconic Fuller Building, the station preserves a part of the city’s history, and makes an important investment in our future. I believe this exciting project is a game changer for the central business district. NEPR should be congratulated for this bold initiative.”
Neal recently shepherded through Congress a two-year reauthorization of New Markets Tax Credits.
“The choice to move to the heart of downtown Springfield was a very deliberate one for New England Public Radio,” said Martin Miller, CEO and General Manager. “The station wanted to play a key role in the city’s economic and revitalization efforts. We also recognized that the opportunity to occupy a first floor space in the pedestrian center of the city would fundamentally change the profile of our organization. We are so grateful to Congressman Neal and his tenacious support of the New Markets Tax Credits program that helped the station to secure over $1.3 million in funding for the project.”
