I was not able to attend this fabulous event, but I am sure the consummation of many didn’t go unperturbed. And I am very sure my man of the hour, President Michael McMillian stood in attendance to make the moment all worth while.
As he should, because St. Louis Mayor Tishaura Jones, along with others announced that the St.Louis Urban League regional headquarters would be granted 10 million dollars in tax credit. Yes, you read that effectively, now here is a recap from Mr. McMillian.
$10,000,000 TEN MILLION DOLLARS IN TAX CREDITS WERE AWARDED TO THE URBAN LEAGUE OF METROPOLITAN ST. LOUIS LAST NIGHT AT OUR 105th ANNUAL DINNER BY MAYOR TISHAURA JONES AND SLDC EXECUTIVE DIRECTOR NEAL RICHARDSON AND TAX CREDIT DIRECTOR BILL SEDDON (pictured below). We are incredibly grateful for our partnership with the City of St. Louis on many different levels to provide resources to the people that need them the most along with this infusion of resources into our new regional headquarters at the Old Sears Building/ V. Roberts Building! Our work continues to revitalize our city focusing on the areas that have experienced the most disinvestment. #ULSTL #CITYOFSTLOUIS #URBANLEAGUE #MayorTishauraJones #SLDC #NewMarketTaxCredits #UrbanRenewal
THANK YOU ST. LOUIS! Once again you supported the Urban League with another sold out annual dinner celebrating our 105 years of service to the region empowering communities and changing lives! Thank you to our sponsors, donors, board, staff, elected officials & volunteers for making the event an enormous success!
An overwhelming amount of gratitude from the Urban League family goes out to our Mayor Tishaura O. Jones, Neal Richardson and Bill Seddon for the announcement of $10,000,000 in tax credits for our regional headquarters! Tom Bailey, Patton Monica & Robert C. Vogel from the Development and Special Events Department and Patricia Washington, Richard Davis & Marcus Allen from the Communications Department deserve special recognition for seamless execution across the board! Thank you to our MC Rene Knott, Bishop Michael Jones and dinner chairs and co-chairs.
Congratulations to our awardees the O’Loughlin Family and Dr. Charles Steele, Jr!
What is a tax credit worth?
Tax credits directly reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability. A tax credit valued at $1,000, for instance, lowers your tax bill by the corresponding $1,000. Tax deductions, on the other hand, reduce how much of your income is subject to taxes.