$6.5M New Markets Transaction
FINANCED |
|---|
December 2019 |
LOCATION |
Arkadelphia, AR |
SQUARE FOOTAGE |
20,000 |
TOTAL PROJECT COST |
$7.85M |
CENSUS TRACT |
05019953602 |
INVESTOR |
Southern Bancorp Bank |
NMTC ALLOCATEE |
National Community Investment Fund |
Pediatrics Plus is a healthcare provider created in 2002 specializing in pediatric healthcare, offering a variety of services for children with special needs.
Services are offered through evidence-based therapeutic and developmental services; diagnostic services; and innovative facilities with specialized equipment, family support and community investment.
The Project is located on the Ouachita Baptist University (OBU) campus in Arkadelphia, AR, developed a new 20,000 sq. ft. facility. The facility provides behavioral health services to over 200 low-income individuals, which includes 180 children, of which 75% are eligible for the Arkids First State Medicaid Program. Additionally, the project created opportunities for education and job creation in partnership with OBU, adding a new graduate-level program for Advanced Behavioral Analysis (ABA) to train therapists employed by Pediatrics Plus and similar providers.
Project Impacts
- Providing services to individuals with very limited options for care in their community.
- Creating 90 new full-time job opportunities for residents and graduates from Ouachita Baptist University with salaries at or above a living wage.
- Of the jobs created, the project anticipates that 70% of the opportunities will be accessible to Low-Income People and 28% of the opportunities filled by minorities.
- Providing critical healthcare services to children within a Federal Medically Underserved Community.
