New Markets Tax Credit Coalition

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  • Albuquerque,
  • NM
  • (2021)

Roses Southwest Papers Inc.

District: Gabe Vasquez (D-NM02)

Roses Southwest Papers Inc. is a high-quality paper products manufacturer located in Albuquerque, New Mexico. The investment will allow the family-owned and operated business to increase its manufacturing capacity and to shift towards renewable energy sources by acquiring solar panels. Belize natives Roberto Espat and Rose Marie Espat founded Roses Southwest Papers, Inc. in 1984. The New Mexico-based business is committed to manufacturing sustainable, American-made products.

Investment

  • NMTC Amount: $17,000,000
  • Total Project Cost: $18,426,488

IMPACT

  • 147 FTE jobs
  • 35 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

CDEs

,

Investor

Project Description

Roses Southwest Papers Inc. is a high-quality paper products manufacturer located in Albuquerque, New Mexico. The investment will allow the family-owned and operated business to increase its manufacturing capacity and to shift towards renewable energy sources by acquiring solar panels. Belize natives Roberto Espat and Rose Marie Espat founded Roses Southwest Papers, Inc. in 1984. The New Mexico-based business is committed to manufacturing sustainable, American-made products. Roses Southwest Papers, Inc. prioritizes expanding and solidifying employment opportunities. The investment utilizes the bipartisan New Markets Tax Credit Program, a Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury led program, that seeks to support economically distressed communities in attracting private capital investment. The investors include Stonehenge Capital, Finance New Mexico, and Wells Fargo. Roses Southwest Paper, Inc. was advised by Hickory Grove Capital.

External Profile

MAP

Address: 1701 Second Street Southwest, Albuquerque, NM 87102

Census Tract: 35001004001

Missing information? Submit an update or correction.

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