New Markets Tax Credits are helping to revive a rural community in Northeastern Arkansas, providing the necessary capital for a highly distressed river town to turn the corner. Osceola, Arkansas, experiencing economic growth after Enhanced Community Development (ECD) and other Community Development Entities provided federal New Markets Tax Credit and Arkansas New Markets Jobs Act tax credit allocations to build MidRiver Terminal, a freight transport facility. In total, ECD provided $5 million in federal New Markets Tax Credit allocation and $4.8 million in Arkansas New Markets Jobs Act tax credit allocation to this job-creating business. Located on the Mississippi River, Mid-River Terminal supports operations at the state’s largest economic development project, Big River Steel, a $1.3 billion steel mill expected to bring 500 jobs to the highly distressed area.