Kerr Pumps

MetaFund committed $6 million of New Markets Tax Credit allocation, the third and final tranche of a $39 million NMTC financing that also included REI Development Corporation, Mid-City Community CDE and Dudley Ventures CDE, to complete funding for Kerr Pumps' expansion in Sulphur, Oklahoma. Founded in 1946, Kerr is the largest private employer in Sulphur and the largest machining company in Oklahoma. The roughly $45 million expansion is expected to create hundreds of jobs, with on-the-job training in welding and CNC machining available to entry-level employees.