[Congressional Record Volume 159, Number 170 (Tuesday, December 3, 2013)]
[House]
[Page H7404]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     NEW MARKETS TAX CREDIT PROGRAM

  (Mr. HIGGINS asked and was given permission to address the House for 
1 minute.)
  Mr. HIGGINS. Mr. Speaker, I rise today in support of the New Markets 
Tax Credit program which is set to expire at the end of this year.
  This program has proven critical toward making successful investments 
in communities like my own in western New York. In the city of Buffalo, 
New Markets investments have leveraged over $180 million for projects, 
including restoration of historic Electric Tower and the development of 
the Innovation Center on the Buffalo Niagara Medical Campus. Thanks to 
New Markets Tax Credit-leveraged funding, construction is currently 
underway on Roswell Park Cancer Institute's new Clinical Sciences 
Center.
  Mr. Speaker, at a time when our economy is recovering from collapse, 
support for programs that yield economic development and job creation 
is more critical than ever. I have joined my colleagues in seeking a 
permanent extension of this program, and I encourage our other 
colleagues to join us in the same pursuit.

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