In 2015, AltCap designated $14.5M in NMTC allocation to Sioux Chief Manufacturing to help build a new $40M facility at the CenterPoint-KCS Intermodal Center in south Kansas City. The family-owned rough-in plumbing supply business had outgrown their current manufacturing site in Peculiar, Missouri and was looking to expand. Although they own twelve acres of nearby land, the plumbing supply company recognized an opportunity to reorganize its production to operate more efficiently in a new consolidated location. The new 600,000 sq. ft. facility off Highway 150 will include manufacturing, distribution and office space while the current Peculiar facility will remain in operation only for extrusion processes. Ryan Bevins, CFO, explains the decision to relocate the headquarters, “We used New Markets Tax Credits as a driver to establish operations under one roof. However, part of our innovation at Sioux Chief, is that we treat the business like a family. We wanted to give our employees who live nearby an opportunity to continue working in Peculiar.”