New Markets Tax Credits (NMTC) enabled Sherwood Forest, a youth development organization serving young people from economically distressed families and communities in the St. Louis metropolitan region, to expand our resident camp facilities located in Reynolds County, Missouri. This facility expansion allows Sherwood Forest to serve more children during the summer and in the school year. Construction took place in an economically distressed rural area of the State of Missouri. Without NMTC, the scope of this project would have been greatly reduced. The positive impact to those we serve from St. Louis and to our community in rural Missouri will be felt for a long time to come. I strongly encourage the bi-partisan support for the renewal of the New Markets Tax Credit Extension Act (H.R. 1680 and S. 750) so that other communities will benefit in years to come.
St. Louis’s economic development arm has committed $5 million in federal new markets tax credits to assist a new manufacturer that makes railroad ties out of recycled plastic ... Read More
The project includes the construction of a new 28,300 sf early child education center for Emmanuel Family & Child Development Center (EFCDC) adjacent to its prior location in Kansas City, ... Read More
High tech research has found a home at the Roy Blunt Jordan Valley Innovation Center (JVIC). This former MFA milling facility has been transformed into a seven-story state-of-the-art research facility ... Read More
Guardian Angel Settlement Association (GASA) requested these funds to support the development of a new Social Services Center at 3300 South Jefferson in the Benton Park neighborhood. The total project ... Read More
The project consist of building a dining hall, learning center, cabin for staff, washhouse for campers, dam repairs, and an upgrade to the health lodge. Sherwood Forest is an independent, ... Read More
Description The Marquette Tech District project involved the adaptive-reuse of two historical buildings that were renovated into a tech-powered business incubation center and a Marriott Courtyard hotel in Cape Girardeau, ... Read More
Operation Breakthrough, Inc. is a non-profit in Kansas City that purchased and renovated a property across the street from its existing facility, constructing a new gymnasium and bridge that will ... Read More
The River City Business Park project involved $70 million redevelopment of a long-abandoned brownfield site into a 54 acre LEED-certified business park in a highly distressed community on the southern ... Read More
The 21,272-square-foot facility at 1000 North Vandeventer Ave. provides meeting rooms, a chapel, and a large conference space for up to 125 people, as well as administrative offices for the ... Read More
The Pagedale Town Center is part of the 24:1 Community Initiative, a broad community development initiative in a 97% minority inner ring suburb of St. Louis, MO. The initiative is ... Read More
City First New Markets Fund II closed its first NMTC transaction of 2016 on February 4th. CFNMF II provided a $10MM allocation to support Building Bridges Across the River's phase ... Read More
The project included the historic renovation of the German American Building into an office building for Mosaic Life Care along with 2,000 square foot café operated by a local business ... Read More
For over 50 years, the Linwood YMCA located at 3800 Linwood Avenue has focused on helping kids and families in the urban area surrounding the center. After a strategic planning ... Read More
Crossroads Academy of Kansas City opened a second campus, Quality Hill, for 186 students in grades K-3 during the 2016-2017 school year and eventually will serve 422 students in grades K-8 ... Read More
