Birmingham YMCA

Birmingham YMCA used NMTC allocation to renovate their existing sq. ft. Northeast Youth Center
University Charter School

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares a facility and programming with UWA’s Department of Education. Livingston has a poverty rate of 51.4% and an unemployment rate of 19.2% (2.31 times the […]
Rep. Sewell, colleagues introduce bipartisan New Markets Tax Credit Extension Act

This legislation aims to spur investment and economic growth in rural and underserved communities.
Nextec

Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.
1917 Clinic at Dewberry and the Magic City Wellness Center

This transaction will provide additional benefit to a multi-tenant health care and wellness facility serving low-income, uninsured, and under-insured people living with HIV/AIDS in Birmingham, AL. The 80,000 s.f. facility was specifically designed for patient use and provides its tenants with desperately needed space to expand operations and serve more patients at the highest standard […]
HarbisonWalker International Plant

The project at Fairfield will include the removal of antiquated equipment and installation of new, modernized manufacturing equipment. The current plant configuration and equipment are not setup for use in manufactuing magnesia carbon refractrories. The initial plant facility was closed in 2019 and approximately 100 jobs were lost when HWI made the entrepreneurial decision to […]
Rep. Terry 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 […]
Globe Metallurgical, Inc.

$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
UB Community Development Announces $13.5 Million in New Markets Tax Credit Funds to Globe Metallurgical, Inc.

$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
Greater Birmingham Habitat for Humanity, Inc.

Construction of 122 affordable single-family homes for Habitat for Humanity in an area that suffered from extensive damage from Katrina.
New Westervelt Lumber Mill Will Create Jobs in Thomasville

Terri Sewell (D-AL07)

Reps. Sewell (D-AL) and Kelly (R-PA) Circulating Sign-on Letter Calling for Permanent Extension of the NMTC

The letter calls for including all the provisions of H.R. 1321, the New Markets Tax Credit Extension Act of 2021 – a permanent authorization of NMTC at $5 billion, with inflation adjustments and an exception from the Alternative Minimum Tax for NMTC investments – in any end of the year tax bill.
Enviva Pellets

The building of the world’s largest wood pellet plant in Epes, Alabama. Enviva is the largest producer of industrial wood pellets, a renewable energy alternative to fossil fuels. Enviva’s sustainable wood pellets are designed to provide consistent, reliable results for a wide range of heat- and power-generating customers. Countries in Europe, Asia and the Caribbean […]
UB Community Development Announces $42.5 Million in New Markets Tax Credit Funds to Enviva Pellets Epes Finance Company, LLC

UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a $42.5 million New Markets Tax Credit (NMTC) allocation to support the building of the world’s largest wood pellet plant in Epes, Alabama. The new project will be located on the Tennessee-Tombigbee Waterway in Sumter County, Alabama.
Woodlawn/I3 Academy Charter School

The rehabilitation and new construction of a public charter elementary school.
Community Foundation of South Alabama

Construction of a 6,919 sq. ft. office facility that provides convening space for agencies, businesses, and community leaders to meet and address issues.
Center for Food Education

Financing for a multi-use facility that anchors Jones ValleyTeaching Farm and creates an inviting permanent infrastructure that will reach more students, teachers, and surrounding community members—locally, regionally, and nationally.
Westervelt Lumber

The $191.6 million facility will produce approximately 250 million board feet of pine lumber annually|taking advantage of the company’s nearby timberland and other facilities.
Thomasville Regional Medical Center

Thomasville Regional Medical Center, LLC, in partnership with the City of Thomasville, constructed a $44.3 million, 68,320 sq. ft. new hospital in rural Thomasville, Alabama.
Zilkha Biomass

Manufacturer of proprietary ‘black’ wood pellet.
Salvation Army Center of Hope

A new transitional housing facility combines workforce development, meals, and other educational programs.
Alabama Entrepreneurial Center

An old Sears store that lay vacant for over 20 years is the new site of the Entrepreneurial Center located in the heart of Birmingham’s Downtown West Urban Redevelopment District.
NOMIS Alabama

Financing for a business that designs, manufactures, and services seismic equipment.
Westervelt Pellets

The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.
Jones Valley Teaching Farm to Open Center for Food Education in Downtown Birmingham Al

Financing for a multi-use facility that anchors Jones ValleyTeaching Farm and creates an inviting permanent infrastructure that will reach more students, teachers, and surrounding community members—locally, regionally, and nationally.
Whats Behind the New Charter School I3 Academy Coming to Woodlawn in 2020

The rehabilitation and new construction of a public charter elementary school.
Thomasville Hospital Under Construction

Thomasville Regional Medical Center, LLC, in partnership with the City of Thomasville, constructed a $44.3 million, 68,320 sq. ft. new hospital in rural Thomasville, Alabama.