TWG Supply, Inc.

New Markets Tax Credit Coalition

Grapevine,
TX
(2021)

TWG Supply, Inc.

Auto Manufacturing, Business Development, Manufacturing

A $4 million project provided the company with working capital and restructured existing debt.

Investment

NMTC Amount: $4,000,000
Total Project Cost: $4,000,000

IMPACT

13 FTE jobs
Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

Advantage Capital, Community Development Venture Capital Alliance

Investor

Unknown

Project Description

TWG Supply is a tech-enabled distributor of airport aftermarket parts. The company has developed highly specialized knowledge of suppliers and individual parts needed to help airlines meet their safety requirements. The $4 million project provided the company with working capital and restructured existing debt.

As part of the Community Benefits Agreement, CDE requires the average wage of jobs retained and projected at the QALICB must exceed 1.2X the living wage in the region. The company must offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

MAP

Address: 1010 East Dallas Road, Grapevine, TX 76051

Census Tract: 48439113705

Site Visits

Beth Van Duyne (R-TX) visits with Stonehenge and TWG Supply

Stonehenge Capital was honored to recently host Congresswoman Beth Van Duyne (TX-24) to discuss the bipartisan New Markets Tax Credit (NMTC) Program.

Learn more...

Oct-2022

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