New Markets Tax Credit Coalition

  • Cleveland,
  • OH
  • (2017)

Charter Manufacturing Company, Inc.

District: Shontel Brown (D-OH11)

Acquisition of equipment and machinery for an owner-occupied steel and iron manufacturing company.

Investment

  • NMTC Amount: $31,020,000
  • Total Project Cost: $153,082,667

IMPACT

  • 548 FTE jobs

CDEs

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Investor

Project Description

Charter Steel, a division of Charter Manufacturing, is a leading American supplier and manufacturer of carbon and alloy steel bar, rod and wire products. The project will expand its Cuyahoga Heights wire rod production facility, helping the company to stay competitive in the U.S. steel industry. Specifically, the project will invest in the “Cut-to-Length” bar market to further diversify its business.

External Profile

MAP

Address: 4300 East 49th Street, Cleveland, OH 44125

Census Tract: 39035196100

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