A medically underserved area in Rapid City, S.D., is home to an expanded, modernized health center with the help of $6.05 million in New Markets Tax Credit financing from MMCDC. The new $8.8 million Community Health Center of the Black Hills facility features medical, dental and behavioral health services in one location. In additional to […]
Citizens Building: Provided $800,000 rehabilitation loan for historic building to be converted to offices in Aberdeen, SD.
The facility was financed in part by the New Markets Tax Credit, and it will allow YFS to serve an additional 2,000 children each year. The project also created 70 new jobs, according to YFS.
This project has created the funding to expand and rehabilitate a second elementary school project on the Pine Ridge Indian Reservation in Batesland, South Dakota. The current Batesland school is in serious disrepair with part of the facility unusable. The expansion includes the addition of a new gymnasium, classrooms, support areas, reading room/library, community room […]
The NMTC will allow Empirical Foods, Inc, to continue its focus on creating high-quality jobs, in low-income, rural Midwestern communities.
As the former Mayor of Huron, and current Economic Development Director, I can speak directly to the impact that the NMTC program has had in Huron. NMTC funding was a critical component of the funding package for Central Park, a brownfield redevelopment project in the heart of Huron. This project had been languishing for years […]