ST. LOUIS — The city of St. Louis has authorized up to $7 million in tax credits for a startup that wants to locate an industrial facility in south St. Louis.

In line to receive the New Markets Tax Credits is Terra Environmental Holdings, or an affiliate company, after a vote Thursday by the board of the city’s economic development agency, the St. Louis Development Corp. Terra was organized in December 2022 by Anthony Smith of south St. Louis County, according to state records.

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Dudley Ventures / Valley Bank was proud to participate in this project as the NMTC investor.