Revitalizing Rural America (2003-2014)
The CDFI Fund targets 20 percent of NMTC allocation awards to non-metropolitan counties. Thus, the impact in rural America is significant. Between 2003 and 2014:
- 817 businesses, community facilities, and other important revitalization projects financed.
- $6.15 billion in NMTC allocation generated $11.6 billion in total project costs.
- NMTC projects generated 49,940 full-time jobs and 21,706 construction jobs.
Below are a few stories of how small towns and farming communities put NMTC capital to work through manufacturing expansions, timber and forestry projects, hospitals, and community facilities.
More Rural Projects
2020
Water Valley, MS
Multi-Tenant Education and Technology Innovation Hub that expands coding-education and workforce training opportunities for an underserved diverse population in rural Mississippi. Tenants include BaseCamp…
2020
Lancaster, NH
The project involves the redevelopment of the Parker J. Noyes building, a vacant, historic three-story, 11,650 sf wood and steel building into ground floor…
2020
Gassaway, WV
The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution. Funding assisted…
2020
Construction of medical facility that includes an residential opioid use/substance use disorder treatment services…
2020
Bridgeton, NJ
CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, will combine two current Bridgeton-based CompleteCare locations into one, as well…
2020
El Paso, TX
The Ysleta Del Sur Pueblo (“YDSP”) Native American Medical Clinic project is the new construction of a 78,100 SF facility in El Paso, TX….
2020
USU-Moab is the construction of the 22,120 sf Academic Building; the first building to be constructed on the 40-acre new campus in the rural…
2020
Buckhannon, WV
Construction of modern professional office space in downtown Buckhannon, WV consisting of modern amenities and technology along with fiber gigabit connectivity. The use of…
2020
Immokalee, FL
Project expands sponsor’s capacity with the addition of two new campuses. 1) Rehabilitation and renovation of a 6,200 sq. ft. vacant building that has…
2020
Brattleboro, VT
Project to finance the development of Groundworks Collaborative’s new permanent campus in Brattleboro, VT. Groundworks provides essential shelter and supportive services, including housing case…
2020
Summersville, WV
The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution. Funding assisted…
2020
Finance rehabilitation, renovation, construction, and other project costs related to the expansion of an existing 3,200 SF building to be transformed into the “Center…
2020
Winona, MS
Construction of a new, state-of-the-art heavy truck dealership which will offer sales and support for new, used, rental and leased heavy-duty trucks and equipment….
2020
Fremont, NE
The ground up development of a 54,000 sf Class A office building in Fremont, NE that will serve as the new headquarters for RTG…
2020
The Project consists of construction of a new three-story, 51,700 SF behavioral health facility in the rural community of DuBois, PA….
2020
Caldwell, WV
A few years ago there was a flood in White Sulphur Springs, WV that destroyed the town. While they rebuilt homes, they knew that…
2020
Berea, KY
Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there…
2020
Wadena, MN
The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 SF warehouse building in Wadena, MN, purchase equipment, and…
2020
Pahrump, NV
NMTC financing was used to construct and equip a commercial car wash facility in rural Nevada. The NMTC subsidy was critical in enabling the…
2020
Marietta, OH
The borrower was seeking funding to expand their facility. The expansion allowed for production on a larger scale….