New Markets Tax Credit Coalition

  • Shawnee,
  • OK
  • (2022)

Sovereign Pipe

District: Stephanie Bice (R-OK05)

The NMTC investment will be used by Sovereign Pipe to purchase a portion of the new equipment that will be used in the manufacturing of HDPE pipe

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 53 FTE jobs
  • 45,000 sq. ft. of real estate

CDEs

,

Investor

Project Description

The purchase of new equipment for a a company that is owned and opearted by the Citizen Potawatomi Nation, a federally-recognized tribe. The startup business will manufacture pipe products for the oil and gas industry. The project will be the first tenant in the Iron Horse Industrial Park which is also owned by the CPN. The facility will produce 80-90 million pounds at full production and will create 40 new jobs.

External Profile

MAP

Address: 43550 Hardesty Road, Shawnee, OK 74801

Census Tract: 40125500200

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