Sen. Steve Daines Sees NMTC at Work

U.S. Senator Steven Daines toured the new corporate headquarters of Universal Athletic Services on Monday. Senator Daines was also joined by Bozeman Mayor Carson Taylorand Bozeman Director of Economic Development Brit Fontenot for a press conference following the tour that was hosted by Universal Athletic Services and Montana & Idaho Community Development Corporation. The purchase and rehabilitation of the new facility was made possible through the use of the New Markets Tax Credit (NMTC) Program, a federal program operated by the CDFI Fund at the U.S. Treasury that provides critical financing to rural and urban communities in Montana, and nationwide. In 2015, Montana & Idaho Community Development Corporation provided a NMTC allocation to fill a financing gap, allowing the athletic apparel company to proceed with its purchase of the former Van’s IGA grocery store on North 7th Avenue for its new headquarters.

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