Commercial Metals Company (CMC) – Durant, Oklahoma
MRC provided equity like loans to CMC for the building of an environmentally sustainable steel manufacturing facility in Durant, Oklahoma. The new mill supports over 300 jobs in a severely distressed census tract with a 13.1% unemployment rate. The site is located within a multicounty area designated as a federal Promise Zone for the Choctaw Nation. CMC’s new micro mill facility reduces carbon dioxide emissions over 50% compared to a traditional iron ore based steel plant.