Washington
Trust Bank to make $10,000 contribution at the Historic Downtown Kennewick Partnership’s
Annual Meeting
(
Kennewick
,
WA
) – In 2005, the Historic Downtown Kennewick Partnership worked with other Downtown
revitalization programs across the state, to introduce legislation creating a B&O
Tax credit for individual businesses investing in local Downtown revitalization programs
like the Historic Downtown Kennewick Partnership.
The Partnership is pleased to announce that Washington Trust Bank located
at 3250 W Clearwater,
Kennewick
,
Washington
will make present a $10,000 contribution to the Downtown Kennewick revitalization
effort at the Historic Downtown Kennewick Partnership’s Annual meeting December 7,
2007 at Clover Island Inn.
Washington Trust Bank is the largest independently owned full-service
commercial bank in the Northwest, serving the region since 1902. A wholly owned subsidiary
of W.T.B. Financial Corporation, Washington Trust Bank has assets exceeding $3.5 billion. Based
in
Spokane
,
Washington
Trust currently has 38 branches and offices in
Washington
,
Idaho
,
Oregon
and
Utah
.
Kathy Ruggles, Kennewick Branch manager stated, “While Washington Trust
Bank may not 
be
directly located in the heart of the downtown, we truly believe with this Main Street
Tax Credit program gives us the ability to make an investment in our community and
direct how tax dollars are used. Through the course of my career, I have always
been an advocated of the downtown and this program is in line with the corporate philosophy
of the bank and makes good business sense because anything that improves or enhances
our community helps everyone.
“The Historic Downtown
Kennewick Partnership believes this is a unique opportunity to for businesses invest
a portion of your B&O tax dollars in their local community’s and I would personally
like to thank Washington Trust Bank for
their contribution. The Partnership is using these funds for a variety of projects
as showcase during the 2007 Annual meeting supporting downtown revitalization effort”
says
Gary Hall
, President of the Historic Downtown Kennewick Partnership.
Designated individual downtown or neighborhood commercial district
revitalization organizations can receive tax credit contributions up to $100,000 per
year. With this contribution, the Partnership is eligible to receive another $50,000
under the Main Street B&O tax credit legislation.
