Indianapolis receives $55M in federal tax credits

(WISH Photo/Brett Bensley)

INDIANAPOLIS (WISH) — The city of Indianapolis got a big economic boost Tuesday.

Community leaders announced the city received $55 million in tax credits from the federal government.

Mayor Joe Hogsett says the money will be used to “jump start economic development, create jobs in at-risk areas and revitalize distressed communities in Indianapolis.”

The announcement was made at Ivy Tech, where a similar tax credit was used to revitalize the college’s culinary school and conference center back in 2010.

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