Thanks to financing from Mazuma Credit Union, AmericanPerformance Technologies, a manufacturer of small engines, willexpand its facility and create 88 new jobs in the Kansas City metroarea.

The $450 million credit union in Kansas City, Mo., said it will provide $3million in debt financing as part of an overall $7.7 millioninvestment made by APT.

The funding will be used to expand APT's operations facilitylocated in the former Montgomery Ward store at Bannister Mall nearI-435 and Bannister Road in south Kansas City. The companymanufactures small engines used for motor, power sports and lawnequipment.

APT qualified for financing under the New Market Tax Creditsprogram, a federal tax program designed to help direct the flow ofcapital into low-income communities, by providing corporations witha tax credit incentive, and by using a qualified CommunityDevelopment Entity as part of the economic package, according toMazuma.

Since 2010, CDE has financed more than $50 million ininvestments for low-income communities in Kansas City.

“Mazuma is honored to provide resources to an organization thatwill give so much back to the Kansas City metro area, in the formof new jobs and other very important economic activity,” saidBrandon Michaels, president/CEO of Mazuma.