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Journal Article
The new community investment tax credit
A new law will enable community development corporations in Massachusetts to attract partners and financial supporters and increase the scale of their impact.
Journal Article
Insurance industry reinvestment: the Massachusetts experience
Joseph Kriesberg and Andrea Caliz Luquetta of the Massachusetts Association of Community Development Corporations (MACDC) outline the provisions in a new statewide law, An Act Insuring Community Investment and the Equitable Taxation of Insurance Companies in Massachusetts. In exchange for tax relief, this legislation requires insurance providers operating within the Commonwealth to contribute to two investment pools for economic development. Could this approach serve as a model for similar initiatives in other states?