Friday, October 05, 2007

Banking Development Districts

In an effort to get banks to increase their presence in underserved urban and rural areas, state Rep. Dwight Evans introduced legislation last week that would establish "banking development districts." In exchange for locating in a designated district, banks would be eligible for public deposits and other incentives like tax exemptions.

1 comment:

Anonymous said...

That would spark a lot of economic development in blighted areas.

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