Commercial Metals Company

New Markets Tax Credit Coalition

Durant,
OK
(2015)

Commercial Metals Company

Machine Shops and Metal Fabrication

NMTC financing for the construction of an environmentally sustainable steel manufacturing facility in Durant, OK.

Investment

NMTC Amount: $50,735,000
Total Project Cost: $262,480,080

IMPACT

300 FTE jobs
874 construction jobs
63,000 sq. ft. of real estate

CDEs

Midwest Renewable Capital, National New Markets Fund, REI Development Corp, USBCDE

Investor

US Bank

Project Description

Midwest Renewable Capital provided EQ2 to CMC for the building of an environmentally sustainable steel manufacturing facility in Durant, Oklahoma. The new mill supports over 300 jobs in a severely distressed census tract with a 13.1% unemployment rate. The site is located within a multicounty area designated as a federal Promise Zone for the Choctaw Nation. CMC’s new micro mill facility reduces carbon dioxide emissions over 50% compared to a traditional iron ore based steel plant.

MAP

Address: 584 Old Highway 70, Durant, OK 74701

Census Tract: 40013796500

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