New Markets Tax Credit Coalition

CP Kelco U.S., Inc.

Investment

  • NMTC Amount: $20,000,000
  • Total Project Cost: $195,817,685

IMPACT

  • 232 FTE jobs
  • 50 jobs created and 182 jobs retained.

Investor

Project Description

CP Kelco is a nature-based ingredient company that produces KELCOGELĀ® Gellan Gum, an innovative clean label ingredient (100% natural, no additives, no preservatives), which is sourced from naturally occurring lily pads and fermented with sugar and water. After fermentation, it is dried and milled into powder and used in a variety of food, beverage & personal care applications.

MAP

Address: 1200 W. 20th Street, Okmulgee, OK 74447

Census Tract: 40111000300

Other Oklahoma Projects

Medefy, Inc. (“Medefy”) is a healthcare app providing employers with the unique ability to directly guide and navigate their employees to make high-quality, low-cost individualized care decisions in real time.

Food Bank Expansion is Fighting Hunger and Feeding Hope
Tile company uses a vacant facility in Durant to expand its manufacturing process, creating 30 to 50 jobs.
A new wellness center provides opportunities for wellness-related recreational and educational activities including but not limited to: group fitness classes, biometric screens, nutritional counseling, wellness coaching, and general fitness facility