Selected NMTC Projects in Mississippi’s 4th District

Through 2018, the NMTC has financed 24 projects in MS-04 totaling more than $300 million.

NMTC Supports Habitat for Humanity of the Gulf Coast

Forty-one new affordable homes were created thanks to a partnership between the Hope Enterprise Corporation (HOPE) and Habitat for Humanity of the Mississippi Gulf Coast. HOPE used $5 million in New Markets Tax Credits to support the project.

NMTC Restores Four Buildings in the Heart of Hattiesburg

The rehabilitated buildings offered housing and a ground floor retail component that included 1,275 sq. ft. of commercial space for the City of Hattiesburg to offer children educational programs focused on the arts, reading, science and entrepreneurship. The restoration of these blighted buildings catalyzed additional development in the downtown Hattiesburg.

Resinall’s new
Hydrogenated Hydrocarbon Resin facility

Two Mississippi based CDEs, SECDE Ventures, LLC ($12 million) and MuniStrategies ($6 million) provided New Markets Tax Credits to facilitate $18 million in financing for the Resinall expansion.

“Using these incentives to make our business more competitive and fuel needed growth and new jobs in our community is a win-win for everyone,” says Lee Godina, President of Resinall.

By shifting into a new product line, Resinall preserved 125 manufacturing jobs and created 10-20 new positions. The project has created and maintained hundreds of temporary and supplemental jobs.

Sofidel Expands in Hattiesburg

Sofidel America moved to a plant in Hattiesburg, a project that represented a corporate investment of $120 million and created 230 jobs.

Singing River Hospital

The NMTC financed the construction of a new hospital facility for the Singing River Hospital System in Pascagoula. The new building contains physician suites, an outpatient imaging center, physical therapy and cardiopulmonary rehabilitation activities, as well as a comprehensive wellness center with aquatics. Singing River Healthcare System (SRHS) has provided world-class health care for the citizens of Jackson County and southern Mississippi and Alabama for over 75 years. SRHS is a community health system comprised of six community medical clinics and two state-of-the art hospitals, including Singing River Hospital in Pascagoula, which is licensed for 435 beds, and Ocean Springs Hospital in Ocean Springs, which is licensed for 136 beds. The development of the new medical office building at Singing River Hospital enabled the Singing River Hospital System and its 2,500 employees to integrate important new services into SRHS while continuing to provide world-class care to the greater community.