New Markets Tax Credit Coalition

  • Kansas City,
  • KS
  • (2022)

Kansas City PBS

District: Emanuel Cleaver (D-MO05)

Financing supporting building renovations, equipment upgrades and expansion of educational and civic content for Kansas City PBS.

Investment

  • NMTC Amount: $12,000,000
  • Total Project Cost: $14,900,000

IMPACT

  • Improved facilities and infrastructure to support investigative journalism, focusing on civic issues unique to Kansas City and its residents.

CDEs

Investor

Project Description

Enterprise Bank & Trust is pleased to announce the closing of a finance agreement that will support $16.5 million in building renovations, equipment upgrades and expansion of educational and civic content for Kansas City PBS. To facilitate this deal, Enterprise allocated $12 million of its $60 million New Markets Tax Credits allotment awarded this past September. In addition to the allocation of the NMTC funds, Enterprise will serve as purchaser of the credits and will also provide more than $6 million in source and direct loans. Enterprise Financial CDE, LLC, the subsidiary of Enterprise Financial Services Corp, provides the NMTC allocation critical to financing for development projects and qualified businesses located in low-income and underserved communities.

External Profile
External Profile 2

MAP

Address: 25 East 31st Street, Kansas City, KS 64128

Census Tract: 29095017800

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