McMinnville Hampton Inn

McMinnville,
TN
(2020)

McMinnville Hampton Inn

Business Development, Retail, Rural

Development of a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN.

Investment

NMTC Amount: $5,000,000
Total Project Cost: $9,362,000

IMPACT

26 FTE jobs
46 construction jobs
20,000 sq. ft. of real estate

CDEs

Enhanced Capital, River Gorge Capital

Investor

US Bank

Project Description

Enhanced partnered with Hunt Properties GP, a local, developer, to develop a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN. To help support the rural community, Enhanced Capital provided financing for the project through a $5 million federal NMTC allocation.

MAP

Address: 1560 Sparta Road, McMinnville, TN 37110

Census Tract: 47177930600

Other Tennessee Projects

Anderson Meats and Processing

Hartsville,
TN
(2020)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Advantage Capital

Funds for the construction of the facility, equipment purchase, as well as providing working capital to cover the business's intial opening expenses.

Silicon Ranch, Selmer

Selmer,
TN
(2015)

Energy, Manufacturing, Rural, Solar

CDE(s): Community Impact Fund, Midwest Renewable Capital

On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in

Honey Alexander Center – Family and Children’s Services

Nashville,
TN
(2018)

Community, Healthcare, Youth and Families

CDE(s): Raza Development Fund

The 2400 Clifton Ave. building, dubbed the Honey Alexander Center, is 32,000 sq. ft. and includes a crisis call center that can handle more than 60,000 calls per year, a

Memphis Union Mission’s Opportunity Center

Memphis,
TN
(2022)

Healthcare, Nonprofit Hub, Shelters and Community Food

CDE(s): Hope Enterprise

A $14,000,000 New Markets Tax Credit (“NMTC”) investment supported Memphis Union Mission’s (“MUM”) The Opportunity Center, Phase 2 on March 14, 2022. Located at 383 Poplar Avenue in Memphis, Tennessee,