Steve Cohen (D-TN09)

Tax Staffer: Ben Palmer, ben.palmer@mail.house.gov.

District Highlights

44 projects
519,806,272 in NMTC allocation
885,730,138 total project financing
3,808 FTE jobs created or retained
4,496 construction jobs created
7 manufacturing businesses

44

projects

$519,806,272

NMTC Allocation

$885,730,138

in total project financing

3,808

FTE jobs

4,496

construction jobs

7

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Ampro Industries

Memphis,
TN
(2023)

Manufacturing

CDE(s): Stonehenge Community Development, Truist

This project supported the equipment purchases and revitalization of an abandoned facility to be utilized for manufacturing personal care products. In addition to the direct jobs created at Ampro a

Northside Community Hub

Memphis,
TN
(2023)

Goodwill, Nonprofit Hub

CDE(s): Hope Enterprise, MBS Urban Initiatives, Pathway Lending, Rose Urban Green Fund, USBCDE

Led by the development team of CompCap Partners and the Works, the Northside Community Hub project will breathe new life into a high school building, shuttered since 2016. Once completed,

Goodwill Excel Center Midsouth

Memphis,
TN
(2023)

Goodwill

CDE(s): Southern Community Capital

Goodwill Excel Center Midsouth (the “Excel Center”), located in Memphis, Tennessee, is a contract adult high school operating in partnership with Shelby County Schools (“SCS”). The Excel Center opened its

Loving Arms Home Care Agency

Memphis,
TN
(2020)

Adult Education, College or Vocational Training, Community, COVID-19, Disaster Recovery, Healthcare

CDE(s): TruFund, USBCDE

Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development

Memphis Union Mission’s Opportunity Center

Memphis,
TN
(2022)

Healthcare, Nonprofit Hub, Shelters and Community Food

CDE(s): Hope Enterprise

A $14,000,000 New Markets Tax Credit (“NMTC”) investment supported Memphis Union Mission’s (“MUM”) The Opportunity Center, Phase 2 on March 14, 2022. Located at 383 Poplar Avenue in Memphis, Tennessee,

Quimby Plaza

Memphis,
TN
(2008)

Affordable Housing, Community, Healthcare, Housing, Mixed-use

CDE(s): MBS Urban Initiatives

A new mixed-use building at the southeastern boundary of the Legends Park HOPE VI Revitalization Plan area in Memphis, TN.

Whitehaven YMCA

Memphis,
TN
(2020)

Daycare and Early Childhood, YMCAs and YWCAs

CDE(s): Nonprofit Finance Fund

Renovation and construction of a new facility establishes community resource hub and increases service capacity to Whitehaven residents

Regional One Health’s Oncology Center

Memphis,
TN
(2021)

Healthcare

CDE(s): Community Hospitality Healthcare Services, Pathway Lending, Urban Action Community Development

NMTC financing supported the launching of a new, onsite full-service oncology program for a safety net hospital in Memphis, TN. The project will occupy two dedicated floors in the Regional

Skyview Community Center

Memphis,
TN
(2023)

Youth and Families

CDE(s): Southern Bancorp, USBCDE

In recognition of the substantial needs in the Orange Mound community and the opportunity to expand services, RedZone commenced construction on the new 40,000 sq. ft. Skyview Community Center in