Below are a few NMTC projects closing or holding a ribbon cutting over the last few weeks.
American SpiralWeld Pipe Breaks Ground in Rural East Texas
The HWH Group, a full-service engineering, construction and consulting firm that provides finance, community development opportunities, site selection and a specialized New Markets Tax Credit incentives group, announced that American SpiralWeld Pipe Company is breaking ground on a 140-acre site in Paris, Texas for the Company's new advanced manufacturing facility.
Passport Health expansion project receives $24.4 million in NMTCs
The Medicaid managed care nonprofit Passport Health announced that it would receive a total of $24.35 million in New Markets Tax Credit financing for its more than $100 million west Louisville development.
The nonprofit is constructing a 21-acre health and wellness campus at 18th Street and Broadway that will include a four-story, 340,000-square-foot health and human services building, a six-story parking garage, a 500-person multipurpose room and a public plaza. Passport Health will shift its headquarters to that property in 2020.
Responsive Surface Technology, LLC Receives Follow-On Funding Through Invest Atlanta Programs
Responsive Surface Technology, an Atlanta-based Smart Bed and sleep technology innovator, today announced the closing of $3.2 million of additional funding. The funding comes from two Invest Atlanta-affiliated programs, the Atlanta Advantage Loan Fund and New Markets Tax Credit financing. The capital will not only enable ReST to expand its marketing and research efforts, but also help it open its first company-owned store in West Midtown.