Coastwide Electric Inc.

Amelia,
LA
(2021)

Coastwide Electric Inc.

Retail

Investment

NMTC Amount: $4,200,000
Total Project Cost: $4,350,000

IMPACT

90 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

Investor

US Bank

Project Description

Coastwide Electric is a marine electrical contractor. The Company provides electrical systems installation on new vessels as well as repairs and maintenance on existing vessels. This project provided the Company with funds for inventory purchases, debt refinance, and working capital.

MAP

Address: 1331 Lake Palourde Road, Amelia, LA 70340

Census Tract: 22101040100

Other Louisiana Projects

Glass Half Full

Chalmette,
LA
(2024)

Manufacturing

CDE(s): AMCREF Community Capital

A growing company expanded operations and created quality jobs in Chalmette, LA

Bayou Holdco Inc.

New Iberia,
LA
(2024)

Manufacturing

CDE(s): Advantage Capital

A pipe manufacturing plant expanded operations and brought skilled jobs to New Iberia, LA

Saint Augustine High School

New Orleans,
LA
(2021)

FQHCs, Schools

CDE(s): Enhanced Capital

Enhanced Capital is thrilled to partner with St. Augustine High School (St. Augustine) to provide financing through the Louisiana and federal New Markets Tax Credit (NMTC) program. Located in New

ExxonMobil YMCA

Baton Rouge,
LA
(2010)

Community, Daycare and Early Childhood, Recreation, Restaurants and Catering, Retail and Commercial, YMCAs and YWCAs, Youth and Families

CDE(s): East Baton Rouge Community Development Entity

In September 2010 the ExxonMobil YMCA began construction on a 12,000 sq. ft. facility located on 2.8 acres of land at Howell Place in North Baton Rouge, LA.