New Markets Tax Credit Coalition
Acquisition and construction of a new retail shopping center with a 40,000 sq. ft. grocery store as its anchor. The project is located in a severely distressed area of rural Picayune, Mississippi that has been identified by the USDA as a Food Desert. The anticipated project will fund costs associated with acquisition and construction of a former Winn Dixie grocery store that closed in 2018.
Address: 1701 Highway 43 N Frontage Rd, Picayune, MS 39466
Census Tract: 28109950600
PB Community Impact Fund provided a $3.6 million New Market Tax Credit enhanced loan to Consolidated Catfish Producers to refinance high-interest debt that was burdening its operations. Consolidated Catfish Producers
Acquisition and construction of a new retail shopping center with a 40,000 sq. ft. grocery store as its anchor. The project is located in a severely distressed area of rural