Alabama School of Mathematics & Science

Investment

  • NMTC Amount: $14,500,000
  • Total Project Cost: $14,900,024

IMPACT

  • 18 FTE jobs
  • 168 construction jobs
  • 3 jobs created and 15 jobs retained.
  • 32,000 sq. ft. of real estate

Investor

Project Description

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors seeking advanced studies in math, science, computer science, and the humanities. The school’s mission is to give students across Alabama access to a research-focused, college-level, life-changing STEM (Science, Technology, Engineering, and Math) learning environment where they can be challenged and inspired to maximize their potential and become the business and research leaders of tomorrow.

United Bank and UB Community Development believe strongly in the mission and promise of ASMS and recently announced a $12.5 million NMTC allocation toward the construction of the Wilson Science Research Center at the Alabama School of Mathematics and Science (ASMS) campus located in Mobile, Alabama.

MAP

Address: 1201 Caroline Ave, Mobile, AL 36604

Census Tract: 1097001001

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NMTC financing for the Waterfront Rescue Mission, a major expansion project.

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors

$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama