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MoneyWorks: Making tax credits work for midstate redevelopment

Written by Craig Layne, Morning Edition Host/Reporter | May 8, 2013 4:01 AM
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Photo by Craig Layne/witf

John Meeder in downtown Lancaster.

(Lancaster) -- Midstate developer John Meeder sees potential in the region's cities, despite years of decline.

"We're in the shadow of the rust belt," Meeder says. "We didn't have a Katrina, we had 30 years of decline. That's being recognized right now by this program that's giving money to Pennsylvania to help underpin and shore up our communities."

Meeder's talking about the U.S. Department of the Treasury's New Markets Tax Credit program, which just awarded $15 million in federal tax credits to the non-profit Community First Fund.

Meeder, who owns Lancaster-based Meeder Development, hopes to work with the fund on further redevelopment.

As part of our MoneyWorks Series, witf's Craig Layne caught up with Meeder in his Lancaster office to ask him about the possibilities...

Hear Meeder's comments about what projects have worked in Lancaster to lead to its downtown renaissance.

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Published in Harrisburg, Lancaster, News, York

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