New Markets Tax Credit Coalition

Alphapointe

A major investment project is driving industrial growth and employment in Kansas City, MO

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $8,055,422

IMPACT

  • 183 FTE jobs
  • 17 construction jobs
  • 32 jobs created and 151 jobs retained
  • 2,115 sq. ft. of real estate

Project Description

Financing to expand and renovate manufacturing facilities which employ individuals with vision impairment and other barriers to employment

MAP

Address: 7501 Prospect Avenue/7321 Prospect Avenue, Kansas City, MO 64132

Other Missouri Projects

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.
A redevelopment project returns to the St. Louis downtown a critical office building which through neglect and lack of maintenance had lost all but one major tenant.
Crossroads Academy of Kansas City opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually serves 422 students in grades K-8.
Financing of a historic 110,000 sq. ft. warehouse into mixed use apartments and retail.