New Markets Tax Credit Coalition

Search

J-M Foods, LLC

Construction of a production facility for hydroponic mushrooms.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 510 FTE jobs
  • 80 construction jobs
  • 34,000 sq. ft. of real estate

Investor

Project Description

J-M Farms Inc., began in 1979 when Virgil Jurgensmeyer, Joe Jurgensmeyer and Darrell McLain founded the company. Today, the farm produces over 28,000,000 pounds of mushrooms per year. 

NMTC financing from REI Oklahoma supported the construction and equipping of a 34,000 sq. ft., highly efficient, hydroponic mushroom pasteurization and production facility for J-M Foods, LLC (J-M Farms) in Ottawa County, Oklahoma.

MAP

Address: 7001 South 580 Road, Miami, OK 74354

Census Tract: 40115574600

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.

Allied Stone used the NMTC program to invest in a 2nd production line in order to meet increased demand for their Granite countertop division. The expansion enables them to meet

Construction of a production facility for hydroponic mushrooms.
Financing for the construction of a new 30,000 sq. ft. full-service grocery store located in a designated food desert in the northeast neighborhood of Oklahoma City, OK.