Geithner touts development tax credits in NC

DURHAM, N.C. — Treasury Secretary Timothy Geithner is touting tax credits and jobs in North Carolina as the Obama administration marks a year since approval of the $787 billion federal stimulus package.

Geithner was visiting Durham on Thursday to highlight a type of business tax credits from federal stimulus money designed to spur jobs in low-income neighborhoods. He’ll visit a job training center and a retail business in a former Durham textile mill converted, in part, with financing through the New Markets Tax Credit program.

Geithner also plans to meet with business, university and political leaders to discuss high-tech jobs in Research Triangle Park.

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