The Tile Shop

New Markets Tax Credit Coalition

Durant,
OK
(2013)

The Tile Shop

Retail, Warehouse and Wholesale

Tile company uses a vacant facility in Durant to expand its manufacturing process, creating 30 to 50 jobs.

Investment

NMTC Amount: $18,000,000
Total Project Cost: $18,540,000

IMPACT

50 FTE jobs
25 construction jobs

CDEs

Chase, MetaFund, REI Development Corp

Investor

Chase

Project Description

The Tile Shop, based in Minnesota, is a retailer in the home tile market. Their products include ceramic tile, stone tile, application. The company began manufacturing grout, sealer and setting material in 1991, and began expanding operations outside of Minnesota soon after. They are currently located in 20 states, operating more than 60 retail stores. In 2012, the company located a vacant facility in Durant for use in expanding its manufacturing process. This expansion will created 30 to 50 jobs with an average wage of $35,000 annually. REI Oklahoma partnered with USBREI TTS Investment Fund, LLC in utilizing the tax credit for this project.

MAP

Address: 1800 West Arkansas, Durant, OK 74701

Census Tract: 40013796400

Other Oklahoma Projects

Tandy Family YMCA and Healthy Living Center

Tulsa,
OK
(2016)

Community, Daycare and Early Childhood, Healthcare, Recreation, Shelters and Community Food, YMCAs and YWCAs, Youth and Families

CDE(s): New Markets Redevelopment (Wiggin), REI Development Corp

The Thornton Family YMCA has doubled its size to 92,000 sq. ft. with a project made possible by the NMTC

Chickasaw Nation Department of Culture and Humanities

Ada,
OK
(2017)

Community, Historic Rehabilitation, Nonprofit Hub

CDE(s): REI Development Corp

NMTC financing supported the construction of the Chickasaw Nation Department of Culture and Humanities

Sovereign Pipe

Shawnee,
OK
(2022)

Manufacturing

CDE(s): Heartland Renaissance Fund, Wells Fargo

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

Homeland Grocery

Oklahoma City,
OK
(2020)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Heartland Renaissance Fund, USBCDE

Financing for the construction of a new 30,000 sq. ft. full-service grocery store located in a designated food desert in the northeast neighborhood of Oklahoma City, OK.