jasonsmith-2

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 (Through 2023)

  • 22 projects
  • 104,806,302 in NMTC allocation
  • 158,753,581 total project financing
  • 896 FTE jobs created or retained
  • 725 construction jobs created
  • 10 manufacturing businesses

22

projects

$104,806,302

NMTC Allocation

$158,753,581

in total project financing

896

FTE jobs

725

construction jobs

10

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Delta Peanut (2021)

Kennett, MO
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

Norwood Real Estate Company (2019)

Norwood, MO
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

L & R Industries (2019)

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

Southbrook Skilled Nursing (2019)

Farmington, MO
NMTC financing for a nursing and residential care facility.

Missouri Cobalt (2019)

Fredericktown, MO
NMTC financing supported environmental cleanup at at cobalt mining operation.

Sherwood Forest Camp (2018)

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

Marquette Tech District (2017)

Cape Girardeau, MO
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.

Valley Minerals (2017)

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

Gammill (2017)

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

Projects Nearby the District

Blytheville, AR (2022)

Sierra Group

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Cuba, MO (2008)

Indeeco-Cuba, LLC

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Projects Nearby the District

Blytheville, AR (2022)

Sierra Group

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Cuba, MO (2008)

Indeeco-Cuba, LLC

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