New Markets Tax Credit Coalition

  • Stillwater,
  • OK
  • (2013)

ASCO USA

District: Frank Lucas (R-OK03)

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

,

Investor

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.

External Profile
External Profile 2

MAP

Address: 3003 North Perkins Road, Stillwater, OK 74075

Census Tract: 40119010101

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