Cori_Bush_117th_U.S_Congress

Cori Bush (D-MO01)

DC Phone: 202-225-2406

Tax Staffer: Aya Saed, [email protected] (Updated: 07/28/2021)

Meaningful impact stems from investment in the most challenged communities, where projects require immense patience and flexible borrowing standards to ensure long-term sustainability and lasting impact for low-income residents and persons. All too often, the cost to construct facilities far outweighs traditional sources, operator experience and guarantees are absent, and/or newer technologies and social service models present cash flow challenges, but for NMTCs.

-Jeffrey Frankel, AVP – New Markets Tax Credits, St. Louis Economic Development Partnership

District Highlights

Manufacturing

In the district, the NMTC has financed 37 projects supporting manufacturing and industrial businesses totaling $402 million through 2020

Federally Qualified Health Centers

Through 2020, the NMTC has supported 6 FQHCs in the district.

NMTC Project Profiles (Inside the District)

Saint Louis, MO (2,020)

Finances the rehabilitation of a 278,000 sq. ft. building….

University City, MO (2,020)

Nuso provides unified communications as a service. The project provided the Company with working capital to carry out growth initiatives….

Saint Louis, MO (2,020)

Delmar Boulevard is an east-west street within the City of St. Louis, MO and known as the Delmar Divide. It is a socioeconomic and…

Saint Louis, MO (2,019)

St. Louis’s economic development arm has committed $5M in federal NMTCs to assist a new manufacturer that makes railroad ties out of recycled plastic….

Saint Louis, MO (2,018)

Renovation of a center of creative arts that provides programming to engage, develop and educate people of all ability levels and backgrounds….

Saint Louis, MO (2,018)

Duncan Biotech Center (the “Project”) is the substantial rehabilitation of The Post-Dispatch Rotogravure Building (also known as the Crescent Parts Building) (the “Building”) which…

Saint Louis, MO (2,018)

Guardian Angel Settlement Association (GASA) requested these funds to support the development of a new Social Services Center at 3300 South Jefferson in the…

Saint Louis, MO (2,017)

4220 Duncan, a 180,000 sq. ft. mixed-use development in St. Louis….

Saint Louis, MO (2,017)

The 21,272-square-foot facility at 1000 North Vandeventer Ave. provides meeting rooms, a chapel, and a large conference space for up to 125 people, as…

Saint Louis, MO (2,017)

The renovation of a 110,000 sq. ft. building, which includes K-12 school facilities….

Saint Louis, MO (2,017)

The River City Business Park project involved $70M redevelopment of a long-abandoned brownfield site into a 54 acre LEED-certified business park in a highly…

Saint Louis, MO (2,017)

The Wealth Accumulation Center on Gravois, serving an additional 10,000 low-income persons….

Saint Louis, MO (2,016)

Multi-nonprofit community empowerment center on the site of the vandalized QuikTrip during the Ferguson unrest, which is expected to serve thousands of LIPs annually…

Saint Louis, MO (2,016)

The Pagedale Town Center, part of a broad community development initiative in a 97% minority inner ring suburb of St. Louis….

Saint Louis, MO (2,016)

City First New Markets Fund II closed its first NMTC transaction of 2016 on February 4th….

Hazelwood, MO (2,015)

The Hazelwood Logistics Center anchors a major industrial park in northern St. Louis. Strategically located among four major US interstates, the 164-acre park accommodates…

Jennings, MO (2,015)

St. Louis Community Credit Union and Prosperity Connection Launch Wealth Accumulation Center in Benton Park….

Saint Louis, MO (2,014)

Technology Entrepreneur Center that fosters growth of new innovative IT companies….

Saint Louis, MO (2,014)

St. Louis, MO The Arcade Building was originally built for retail and office use. Abandoned since the 1980s, its 2012 rehabilitation brought new residential,…

Saint Louis, MO (2,013)

Project that includes a sophisticated laboratory and office environments for early-stage and mature biotech and medical companies, along with office space for Washington University…

Saint Louis, MO (2,013)

An innovative community facility that offers exceptional care and education for 154 children and their families in a child-focused, center-based, and diverse learning environment….

Saint Louis, MO (2,013)

The Old Post Office historic district of downtown St. Louis is the site of revitalization projects, including the Syndicate Building considered a key, cornerstone;…

Saint Louis, MO (2,012)

Financing for a community development not-for-profit corporation dedicated to the prosperity and growth of the American family….

Saint Louis, MO (2,012)

The City Garden Montessori Charter School is a key feature in the redevelopment of the McRee Town neighborhood in St. Louis…

State Fact Sheet