jasonsmith

Jason Smith (R-MO08)

DC Phone: 202-225-4404

Tax Staffer: Kathryn Chakmak, [email protected] (Updated: 07/28/2021)

New Markets Tax Credits (NMTC) enabled Sherwood Forest, a youth development organization serving young people from economically distressed families and communities in the St. Louis metropolitan region, to expand our resident camp facilities located in Reynolds County, Missouri. This facility expansion allows Sherwood Forest to serve more children during the summer and in the school year. Construction took place in an economically distressed rural area of the State of Missouri. Without NMTC, the scope of this project would have been greatly reduced. The positive impact to those we serve from St. Louis and to our community in rural Missouri will be felt for a long time to come. I strongly encourage the bi-partisan support for the renewal of the New Markets Tax Credit Extension Act (H.R. 1680 and S. 750) so that other communities will benefit in years to come.

-Mary Rogers, Executive Director, Sherwood Forest Camp, Inc., Saint Louis, Missouri

District Highlights

Manufacturing

In the district, the NMTC has financed 9 projects supporting manufacturing and industrial businesses totaling $106 million through 2020

NMTC Project Profiles (Inside the District)

Kennett, MO (2,021)

Hampton Roads Ventures provided NMTC financing the construction of a peanut processing plant that allows Delta Peanut, a cooperative of 73 family-owned peanut farms,…

Fredericktown, MO (2,019)

NMTC financing for a fiberglass fabrication and boat repair shop….

Farmington, MO (2,019)

Nursing and residential care facilities¬†¬†…

Cabool, MO (2,019)

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

Norwood, MO (2,019)

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

Lesterville, MO (2,018)

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

Cape Girardeau, MO (2,017)

Description The Marquette Tech District project involved the adaptive-reuse of two historical buildings that were renovated into a tech-powered business incubation center and a…

West Plains, MO (2,017)

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

Bonne Terre, MO (2,017)

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

Steelville, MO (2,013)

NMTC financing supported Westover Farms, a recreational and lodging facility that also processes and sells fresh caught trout….

Cuba, MO (2,008)

Established in 1929, INDEECO designs and manufactures a complete line of heating equipment, including space heaters, industrial component heaters and electronic controls for commercial,…

State Fact Sheet