The City of Camas and Port of Camas-Washougal have both recently committed financial support for laying the groundwork to take part in the federal New Markets Tax Credit Program. The final piece of the puzzle is now in the Washougal City Council’s hands.
On April 15, Port commissioners voted 3-0 and on Monday the Camas City Council voted 6-0 to enter into a professional services agreement with the Camas-Washougal Economic Development Association. The document outlines the process and financial commitment for working with consultants to establish a Community Development Entity, a move that is necessary to take part in the New Markets Tax Credit Program, which could support local economic development projects.