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West Virginia Great Barrel Company Project 2

NMTC financing supported the West Virginia Great Barrel Company Project.

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $18,418,653

IMPACT

  • 138 FTE jobs
  • 4 construction jobs

Investor

Project Description

A few years ago there was a flood in White Sulphur Springs, WV that destroyed the town. While they rebuilt homes, they knew that there had to be business to sustain the area. They built a cooperage for a project in conjunction with Smooth Ambler Spirits by creating barrels. This was the 2nd phase of the project.

MAP

Address: 546 Mountain Home Drive, Caldwell, WV 24925

Census Tract: 54025950700

Other West Virginia Projects

Rural Development Partners and the National Development Council used the NMTC to help West Virginia Great Barrel Company (WVGBC) construct a new barrel manufacturing facility in White Sulphur Springs, WV.
Financing certain costs incurred or to be incurred in connection with the renovation and development of public library.
Funding to remodel the lower floor of a medical building, allowing for the addition of doctors and staff.
A 28,800 sq. ft. medical office building expands access to behavioral health care.