People’s Bank, Mississippi’s Main Street Bank, purchased a vacant and dilapidated commercial building at the gateway to Main Street Collins, MS and redeveloped it into a 16,000SF commercial facility that contains financial, medical, and nonprofit tenants. This project is the first redevelopment effort on Main Street Collins in over 30 years and encouraged additional investment into the main street of one of Mississippi’s many cherished small towns. To date the project has created 20 high-quality permanent jobs and 50 construction jobs. EquityPlus utilized its deep contacts within the NMTC community to source funding and locate credit allocation swiftly. The execution of the financing plan from conception to closing took less than 5 months. EquityPlus continues to represent the project during its NMTC compliance period.
2013 to Present
New Market Tax Credits