ShoreBank will use $35 million of Tax Credits to Promote Green Collar Jobs

ShoreBank was awarded $35 million in New Markets Tax Credits by the U.S. Treasury Department and is hard at work identifying energy-efficiency, alternative energy and green building projects in Chicago that can benefit from the funds.

Who they are looking for:
-Grocery stores and retailers who want to reduce utility expenses or develop new green buildings
-Community organizations that would like to complete energy-efficiency retrofits or other green improvements to reduce operating costs
-Schools, affordable housing developers, and hospitals looking at installing alternative energy systems that will reduce costs

Read more about stimulus money being allocated to local banks.