UB Community Development, LLC (UBCD), a community development partner of United Bank, was pleased to provide a combined $10 million in Federal and Mississippi New Markets Tax Credit (NMTC) funding to aid in construction of a utility pole mill in Quitman, Mississippi.
An expansion project that requires a multi-year capital investment of $22 million but is expected to yield an additional 50-70 new jobs for the rural community.
NMTC financing supported the creation of the Des Moines Heritage Center which was comprised of the restoration of the historic 1909 East Des Moines Union Depot and the construction of a new 6,500 sq. ft. event center located in Des Moines, Iowa.
