The City of San José, long a center of technology innovation, is now leading the way with innovative financing by closing an approximately $27 million New Markets Tax Credits financing transaction to complete construction of the new San José Environmental Innovation Center (EIC) – a premier demonstration facility for emerging clean technology companies, a construction materials store, and a household hazardous waste facility. “Closing San José’s very first New Markets Tax Credit transaction exemplifies our City’s commitment to leverage public-private partnerships that help us advance key projects at a time when City resources are scarce,” stated San José’s Mayor Chuck Reed.