Project Everest

Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi.

Investment

  • NMTC Amount: $6,500,000
  • Total Project Cost: $7,300,000

IMPACT

  • 15 FTE jobs
  • 14 construction jobs

Investor

Voices from the Community

Water Valley Mayor Donald Gray agreed the economic, social, and physical components of this project is going to be a great change” for the city. The physical part is going to make our city much better. The economic, I can’t even start to imagine. …Hopefully a lot of these students will come back and build houses and become taxpayers,” Gray said. People can make a good living and these kids make a really good living starting out. They feel better about themselves … about their families. https://mississippitoday.org/2020/02/03/5-million-tech-center-expands-effort-to-close-skills-gap-as-tech-firms-step-up-investment-in-mississippi/

-Donald Gray, Mayor, Water Valley, Mississippi

Project Description

Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi. Tenants include BaseCamp Coding Academy (BCCA), a satellite campus for Northwest Mississippi Community College and a Business Integration/Incubation space for Business sponsors of BCCA.

MAP

Address: 802 Central Street, Water Valley, MS 38965

Census Tract: 28161950200

Other Mississippi Projects

In October 2021, AMCREF Community Capital provided $7.5 million of NMTC financing to Image Industries, Inc.

PB Community Impact Fund provided $8 million of New Markets Tax Credit (NMTC) allocation to Rouse’s Enterprises, LLC (Rouse’s) to finance the acquisition and rehabilitation of a retail shopping center

After successfully growing and stabilizing three middle schools and one high school in Nashville, RePublic Schools launched Reimagine Prep in the fall of 2015 in Jackson, MS.
NMTC financing supported a construction loan for the rehabilitation of historic hotel in Clarksdale, MS, run by an artist co-op.