Yesterday, UB Community Development, LLC (UBCD), a community development partner of United Bank, announced that it provided $13.5 million in New Markets Tax Credit (NMTC) allocations toward the silicon metal manufacturing facility in Selma, Alabama, owned by Globe Metallurgical Inc. (GMI).
-Congresswoman Terri Sewell (D-AL)
"I am delighted to see the increased investment in the GMI Selma operation. The New Markets Tax Credit enhances the economic opportunity for many families and businesses in the area. The product from GMI also supports U.S.-based manufacturing for critical strategic materials which feed our nation's supply chain for semi-conductors, solar energy products, military energy storage, as well as steel, aluminum and chemical."
Selma, AL | 7th District
$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama…