New Markets Tax Credit Coalition

Lodge Cast Iron

Investment

  • NMTC Amount: $25,430,000
  • Total Project Cost: $30,250,000

IMPACT

  • 462 FTE jobs
  • 127,000 sq. ft. of real estate

Investor

Project Description

Project acquired and installed certain equipment and enhancements at the 3rd Street Foundry (collectively, the “New 3rd Street Equipment”) necessary to run a third production line. “Operations in our second Tennessee foundry are now underway! The new 127,000 sq. ft. facility is located just a few blocks from our original foundry in South Pittsburg, Tennessee, Lodge’s hometown since 1896.”

MAP

Address: 220 East Third Street, South Pittsburg, TN 37380

Census Tract: 47115050301

Other Tennessee Projects

Financing to support the development of a new 19,500 sq. ft. clinic on a six acre site that was previously purchased by Lifespan.
New Markets Tax Credits to help Ariens Company revitalize an abandoned facility bringing 350 new quality jobs to the Fayetteville
Financing for the expansion of a manufacturer of heat exchangers.

In recognition of the substantial needs in the Orange Mound community and the opportunity to expand services, RedZone commenced construction on the new 40,000 sq. ft. Skyview Community Center in