Choctaw Community Facilities

New Markets Tax Credit Coalition

Walnut Grove,
MS
(2020)

Choctaw Community Facilities

Community, Daycare and Early Childhood, Rural, Schools, Targeted Populations, Youth and Families

The Mississippi Band of Choctaw Indians used the NMTC to support its new early childhood education centers and an elementary school expansion.

Investment

NMTC Amount: $15,000,000
Total Project Cost: $15,000,000

IMPACT

42 FTE jobs
73 construction jobs

CDEs

Dakotas America

Investor

Unknown

Project Description

The Mississippi Band of Choctaw Indians recently closed a New Markets Tax Credit transaction related to its two new early childhood education centers and an elementary school expansion — resulting in a $2.3 million benefit to the Tribe.

MAP

Address: 416 Arrowhead Road, Walnut Grove, MS 39189

Census Tract: 28079040402

Other Mississippi Projects

Chocktaw Hotel

Philadelphia,
MS
(2007)

Katrina

CDE(s): National Tribal Development Association

A new hotel was financed on Choctaw lands to create jobs and economic development after the devastation of Katrina.

University Park at Jackson State University

Jackson,
MS
(2008)

Adult Education, College or Vocational Training, Community, Housing, Mixed-use, Retail

CDE(s): Hampton Roads Ventures, Local Initiatives Support Corporation

The acquisition and construction of a mixed-use facility directly across the street from a newly-built Jackson State University Student Union.

Express Grain Terminals Greenwood

Greenwood,
MS
(2020)

Business Development, Manufacturing, Rural

CDE(s): AMCREF Community Capital, Heartland Renaissance Fund, Local Initiatives Support Corporation

NMTCs financed the expansion of a soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement.

Lackey Memorial Hospital Medical Arts Campus

Forest,
MS
(2022)

Healthcare

CDE(s): BXS Community Fund, PB Community Impact Fund

PB Community Impact Fund and BXS Community Fund provided federal New Market Tax Credit allocation and to Lackey Memorial Hospital to finance the construction of a new Medical Arts Complex