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Builders investing in Main Street

April 29, 2024

The Building Industry Association of Washington is investing in Main Street. BIAW’s Member Services Corporation has invested $50,000 in five Main Street Washington organizations to help revitalize their downtown districts.

Part of the Main Street America program, Main Street Washington started in 1984 and now serves 39 Main Street organizations across Washington.

Supporting communities where we live and build

MSC directors reviewed the list of organizations across Washington and selected the following serving communities where BIAW members live, work and build.

Investing in Main Street

In return for their investment in these five Main Street organizations, MSC directors secured a Business and Occupation (B&O) tax credit of $37,500 or 75% of their contribution. The credit helps reduce MSC’s tax burden while supporting the communities BIAW members serve.

The Main Street Washington Tax Credit Incentive Program allows any Washington business to contribute either directly to a Main Street organization or to the Main Street Trust Fund. Businesses can apply for up to $250,000 in credits each year.

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