Jason Smith (R-MO08)

Tax Staffer: Brucie Mish, brucie.mish@mail.house.gov.

"
I’m a huge supporter of the New Markets Tax Credit. A lot of rural areas have persistent poverty, and the NMTC is a great program for us in helping them.
"

-Jason Smith (R-MO08)

District Highlights

23 projects
98,085,647 in NMTC allocation
150,798,446 total project financing
873 FTE jobs created or retained
690 construction jobs created
10 manufacturing businesses

23

projects

$98,085,647

NMTC Allocation

$150,798,446

in total project financing

873

FTE jobs

690

construction jobs

10

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Gammill

West Plains,
MO
(2017)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital

NMTC financing helped Gammill, a quilt machine manufacturer, grow their business.

Valley Minerals

Bonne Terre,
MO
(2017)

Business Development, Manufacturing, Rural

CDE(s): Midwest Industrial Redevelopment Fund

Founded in 1927, Valley Minerals is a stocking manufacturer of dolomitic quicklime and is one of the largest employers in Bonne Terre, Missouri.

Missouri Cobalt

Fredericktown,
MO
(2019)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Advantage Capital

NMTC financing supported environmental cleanup at at cobalt mining operation.

Southbrook Skilled Nursing

Farmington,
MO
(2019)

Adult Daycare, Community, Healthcare, Nursing Homes and Hospice, Rural

CDE(s): Dakotas America

NMTC financing for a nursing and residential care facility.

L & R Industries

Cabool,
MO
(2019)

Business Development, Manufacturing, Rural

CDE(s): Business Valued Advisor Fund

The NMTC provided financing for L&R Industries, a major area employer and stalwart of industry in Cabool, MO and the surrounding region.

Norwood Real Estate Company

Norwood,
MO
(2019)

Business Development, Manufacturing, Rural

CDE(s): Business Valued Advisor Fund

The NMTC financed the acquisition and development of a new warehouse for Norwood Real Estate, an operating company for manufacturing detainment houses and complexes for jails and prison systems, as

Delta Peanut

Kennett,
MO
(2021)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Community Development Venture Capital Alliance, Hampton Roads Ventures, Heartland Renaissance Fund

The construction of a peanut processing plant that allows Delta Peanut, a cooperative of 73 family-owned peanut farms, to process and directly sell its peanuts, rather than outsourcing this activity

Sherwood Forest Camp

Lesterville,
MO
(2018)

Community, Daycare and Early Childhood, Recreation, Rural, Youth and Families

CDE(s): Rural Development Partners

Unique summer program expands impact and school-year outreach to children from low-income families in the St. Louis area.

Marquette Tech District

Cape Girardeau,
MO
(2017)

Adult Education, Business Development, College or Vocational Training, Community, Historic Rehabilitation, Incubator, Mixed-use

CDE(s): Central Bank of Kansas City

The adaptive-reuse of two historical buildings that were renovated into a tech-powered business incubation center and a Marriott Courtyard hotel in Cape Girardeau, MO.