The project involved the renovation and expansion of the Montfort Jones Memorial Hospital which provides critical healthcare services to an extremely rural, medically underserved population in Mississippi. The hospital, originally constructed in 1959-1960, is currently licensed to operate 71 beds (64 medical/surgical beds and seven cardiac intensive care beds) and is a county owned facility […]
Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi. Tenants include BaseCamp Coding Academy (BCCA), a satellite campus for Northwest Mississippi Community College and a Business Integration/Incubation space for Business sponsors of BCCA.
Construction of a new, state-of-the-art heavy truck dealership which will offer sales and support for new, used, rental and leased heavy-duty trucks and equipment. There will also be a wellstocked parts department on-site. The two companies on sight are Empire Truck Sales, a franchised heavy truck dealership and Stribling Equipment, a franchised construction and forestry […]
Express Grain Terminals, LLC is an agricultural product processor headquartered in Greenwood, Mississippi. NMTCs financed the expansion of their soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement. The purchase of additional equipment will increase production capacity – doubling the processing capacity to 20 million bushels of production per […]
The Mississippi Band of Choctaw Indians recently closed a New Markets Tax Credit transaction related to its two new early childhood education centers and an elementary school expansion — resulting in a $2.3 million benefit to the Tribe.
Westport Linen Services is a commercial dry cleaning services. The project provided the Company with funds for leasehold improvements, equipment purchase, and working capital for a new facility.
Renovation work is underway at Vicksburg High School.
Habitat for Humanity Mississippi Capital Area invested $5.7M in Midtown and west Jackson areas by creating or renovating 50 homes.
The acquisition and construction of a mixed-use facility directly across the street from a newly-built Jackson State University Student Union.
The Chawla family, owners of one of the most successful hospitality companies in Mississippi, has joined forces with Mississippi Delta Community College (MDCC) to create a new job-training institute that is now designed to attract hospitality trainees from across the region. A new, 63-room ($6.5M) Hampton Inn in the rural Mississippi Delta has partnered with Coahoma […]
Express Biodiesel (EGB) built a new plant to produce up to 15 million gallons per year of biodiesel from locally sourced soybean oil and waste poultry processing oils. EGB is family owned and operated in Leflore County, a Persistent Poverty County in the MS Delta, a region that has suffered from extreme poverty and high […]
NMTC and NuFarm bring quality manufacturing jobs to Greenville, Mississippi
NMTC financing supported a construction loan for the rehabilitation of historic hotel in Clarksdale, MS, run by an artist co-op.
Baptist Health Systems acquired the Leake Memorial Hospital on October 1, 2011 in a transaction with the Leake County Board of Supervisors. Baptist Leake was constructed as a new hospital facility in this medically underserved area with a $29.7 million investment that features the use of both federal and state NMTCs and tax-exempt bond financing. This is a […]
Romona Taylor Williams, Executive Director, Montgomery Communities United for Prosperity, Duck Hill, MS
Rural officials, businesses, community based organizations and residents face overwhelming challenges to solving the extraordinary socio-economic barriers that impede achieving a healthy quality of life and prosperity. NMTC’s are a significant tool to help overcome such barriers and attract private investments in community and economic development.