ASCO USA

Stillwater, OK (2013)

ASCO USA

Business Development, Manufacturing, Rural

NMTC financing helped ASCO Aerospace with the purchase, renovation and re-opening of the failed and shuttered MerCruiser facility in Stillwater, OK.

Investment

NMTC Amount: $37,500,000
Total Project Cost: $86,841,213

IMPACT

288 FTE jobs
65 construction jobs

CDEs

MetaFund, REI Development Corp.

Investor

Unknown

Project Description

Through the New Markets Tax Credit Program, MetaFund assisted ASCO Aerospace with the purchase, renovation and re-opening of the failed and shuttered MerCruiser facility in Stillwater, Oklahoma. From this new facility, ASCO is manufacturing components for use in various aircrafts. The state-of-the-art lean manufacturing facility currently manufactures wing and fuselage components of the 737, 777 and 787 Boeing airplanes.