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St. Louis Development Corporation
St. Louis MOCDFI Awards for St. Louis Development Corporation
NMTC (2009) - $65,000,000
St. Louis Development Corporation (SLDC) has a mission of helping businesses in St. Louis to carry out profitable economic activities, create new job opportunities for the city’s citizens, and encourage private investment. With its NMTC Allocation, SLDC will offer a variety of financial products with flexible structuring alternatives to meet the unique needs of each project. For non-real estate businesses, SLDC will offer equity investments and below-market interest rate loans ranging from $500,000 to $15 million. For real estate businesses, SLDC will offer equity or equity equivalent investments ranging from $500,000 to $5 million, and loans ranging from $500,000 to $15 million, including below-market interest rate loans and leveraged loans.
NMTC (2008) - $45,000,000
St. Louis Development Corporation (SLDC) is a private, nonprofit corporation established by the City of St. Louis in 1988 to serve as its economic development engine. SLDC will use its NMTC allocation to attract capital for (1) business lending; (2) equity investments in emerging businesses operations; (3) patient capital for site assembly; (4) gap financing for real estate development; and, (5) major project funding. The NMTC financing will offer non-traditional rates and terms, be targeted to highly distressed areas of St. Louis, and/or increase the provision of products and services to low-income communities.
NMTC (2003) - $52,000,000
St. Louis Development Corporation anticipates using its NMTC allocation to attract capital for: (1) business lending; (2) equity investments in emerging businesses operations; (3) patient capital for site assembly; (4) gap financing for real estate development; and (5) major project funding. The NMTC financing will offer nontraditional rates and terms and be targeted to highly distressed areas of the St. Louis region.
Other Community Development Financial Institutions in Missouri
Central Bank of Kansas City
Kansas City
Choices Federal Credit Union
St. Louis
Great Rivers Community Capital
St. Louis
HFHI-SA NMTC I, LLC
St. Louis
MBS Urban Initiatives CDE, LLC
St Louis
Missouri Family Credit Union
Independence
St. Louis Development Corporation
St. Louis
Travois New Markets, LLC
Kansas City
USBCDE, LLC
St. Louis
Featured Government Grant Resources
Federal and State Technology Partnership Program
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.
Social Entrepreneurship
Spotlight
Social Enterprise: Reaching Out to the Private Sector for Help
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.
