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Enterprise Financial awarded $43M New Market Tax Credit allocation

Enterprise Financial, the community development entity of Enterprise Financial Services Corp, has been selected by the CDFI Fund of the U.S. Department of Treasury to receive a $43M allocation of New Markets Tax Credits. These tax credits are designed to provide financing for community development projects and qualified businesses located in low income communities. Enterprise Financial CDE, LLC was one of 87 community development entities in the United States selected for an allocation. This is the third allocation of NMTC for Enterprise Financial CDE in the past four rounds totaling $118M.