Oklahoma Data and Stories

State Fact Sheet

Map of Selected Projects in Oklahoma

Community Testimonials

The NMTC program provides the much-needed capital for companies to grow and expand while creating employment opportunities in rural areas across the US. The NMTC program has provided the critical financing needed to increase operations and provide start-up opportunities to over 70% of our OSBDC clients.

-Cindy Ruminer, Director, Oklahoma Small Business Development Center, Durant, OK

Selected Projects in Oklahoma

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

Community Food Bank of Eastern Oklahoma

Tulsa,
OK
(2022)

Shelters and Community Food

CDE(s): Capital One, Hampton Roads Ventures, Heartland Renaissance Fund

Food Bank Expansion is Fighting Hunger and Feeding Hope

Crossover Sports Association – Crossover Community Center

Tulsa,
OK
(2022)

FQHCs, Library, Recreation

CDE(s): MetaFund

NMTCs incentivized private investment from US Bank and created a subsidy which closed Crossover’s fundraising gap to develop the new community center.

Oasis Fresh Market

Tulsa,
OK
(2021)

Grocery and Fresh Food, Historic Rehabilitation

CDE(s): Hampton Roads Ventures, USBCDE

Tulsa Economic Development Corporation (TEDC) has constructed a new 17,000 sq. ft. grocery store in Tulsa, Oklahoma. The project is part of the ongoing redevelopment of Tulsa’s African American Community,

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.

Westside YMCA of Tulsa

Tulsa,
OK
(2020)

Community, Daycare and Early Childhood, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): REI Development Corp

NMTC financing was used to make some much needed improvements to a YMCA facility including to the pool, gym, adding air conditioning to the building.

J-M Foods, LLC

Miami,
OK
(2020)

Business Development, Food Manufacturing, Manufacturing, Rural, Timber and Agriculture

CDE(s): REI Development Corp

Construction of a production facility for hydroponic mushrooms.

Poteau Health and Wellness Clinic and Substance Use Disorder Treatment Center

Poteau,
OK
(2020)

Addiction Treatment, Behavioral Health, Community, FQHCs, Healthcare

CDE(s): REI Development Corp

Construction of medical facility that includes an residential opioid use/substance use disorder treatment services

Blackwell Hospital

Blackwell,
OK
(2019)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): REI Development Corp

Renovated hospital preserves jobs and healthcare access in low-income community.

American Indian Cultural Center

Oklahoma City,
OK
(2019)

Community, Daycare and Early Childhood, Targeted Populations, Youth and Families

CDE(s): National Community Investment Fund, REI Development Corp

AICCM is a cultural center that aims to educate the public about the diversity, history and culture of tribal nations that were moved to Oklahoma.

Positive Tomorrows Villa Campus Inc.

Oklahoma City,
OK
(2018)

Schools

CDE(s): MetaFund, REI Development Corp

This is a charter school for homeless children. In addition, they provide services to the entire family. Using New Markets Tax Credits (NMTCs), MetaFund provided flexible financing to Positive Tomorrows

Stillwater Medical Center

Stillwater,
OK
(2018)

Community, Hospitals and Emergency Services

CDE(s): MetaFund

MetaFund used $16 million of its NMTCs allocation to finance the acquisition of equipment necessary for the expansion of Stillwater Medical Center, a rural hospital in Stillwater, Oklahoma, providing vital

Site visits and recent news related to Oklahoma NMTC Projects

New Markets Tax Credit Funding Helps Carry First National Bank Building Legacy Forward

January 12, 2018

Asco Celebrates Its 60th Anniversary with the Expansion of Manufacturing Lines in Stillwater, Oklahoma

November 1, 2014