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Durant, OK (2015)

Commercial Metals Company

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

Investor

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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