Rouses Picayune

New Markets Tax Credit Coalition

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

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