Advantage Capital, McCormack Baron Salazar and the St. Louis Development Corp. are among the St. Louis-focused entities that received allocations of federal economic-development tax credits on Monday. The U.S. Treasury awarded $3.5 billion of New Markets Tax Credits, which are designed to attract private investment to low-income areas.

 St. Louis-based McCormack Baron gets $50 million of credits, and the city-owned SLDC gets $45 million. Advantage, which is based in New Orleans and has a Clayton office, gets $60 million. In addition, a St. Louis-based division of U.S. Bank gets $80 million, but it does not list Missouri among the states where it plans to invest.

Trammell Crow and the National Trust Community Investment Corp. are among other investors who do profess interest in Missouri. Trammell Crosw got $85 million in credits and National Trust got $40 million.

In the past, New Markets credits have funded various real-estate projects here, including the Woolworth Building redevelopment in Grand Center and the Louderman Lofts downtown. Advantage also has used them to invest in local businesses, including Stereotaxis, Quick Study Radiology and the Soda Fountain Square restaurant.