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.
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.
TD Community Development Company Supports Company Committed to Environmentally Friendly Expansion
TD Community Development Corporation, a subsidiary of TD Bank, recently allocated $15 million in New Markets Tax Credits (NMTC) to assist Phoenix Packaging Operations, LLC, a minority-owned packaging company located in Dublin, Virginia.