Rouses Picayune

Picayune,
MS
(2023)

Rouses Picayune

Grocery and Fresh Food

Investment

NMTC Amount: $16,000,000
Total Project Cost: $16,871,956

IMPACT

97 FTE jobs
81 construction jobs
55,108 sq. ft. of real estate

CDEs

Hampton Roads Ventures, PB Community Impact Fund

Investor

Capital One

Project Description

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.

MAP

Address: 1701 Highway 43 N Frontage Rd, Picayune, MS 39466

Census Tract: 28109950600

Other Mississippi Projects

Huber Engineered Woods

Shuqualak,
MS
(2024)

Manufacturing

CDE(s): AMCREF Community Capital, Community Business Investment Fund, PB Community Impact Fund, Waveland Community Development

A new facility in Shuqualak, MS is helping train local workers for stable careers in manufacturing

Choctaw Community Facilities

Walnut Grove,
MS
(2020)

Community, Daycare and Early Childhood, Rural, Schools, Targeted Populations, Youth and Families

CDE(s): Dakotas America

The Mississippi Band of Choctaw Indians used the NMTC to support its new early childhood education centers and an elementary school expansion.

Lackey Memorial Hospital Medical Arts Campus

Forest,
MS
(2022)

Healthcare

CDE(s): BXS Community Fund, PB Community Impact Fund

PB Community Impact Fund and BXS Community Fund provided federal New Market Tax Credit allocation and to Lackey Memorial Hospital to finance the construction of a new Medical Arts Complex

Rouses Gulfport

Gulfport,
MS
(2023)

Grocery and Fresh Food

CDE(s): PB Community Impact Fund

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