New Markets Tax Credit Coalition

Petoskey Plastics

Acquisition, renovation and equipping of an environmentally focused plastics extrusion facility in McKinney, TX.

Investment

  • NMTC Amount: $20,000,000
  • Total Project Cost: $33,236,337

IMPACT

  • 154 FTE jobs
  • 50 construction jobs
  • Creation of 100% Quality Jobs and 100% Accessible Jobs; Estimated 10% of construction jobs going to minority owned firms.
  • 100,000 sq. ft. of real estate

Investor

Project Description

Acquisition, renovation and equipping of an environmentally focused plastics extrusion facility in McKinney, TX. The new facility will add 100,000 sq. ft. of production space and three new production lines which will allow Petoskey to increase its output by approximately 15% over the next 12 months. The new facility will create 75 temporary construction jobs and over 150 new manufacturing jobs which will be 100% accessible to low-income candidates.

MAP

Address: 2050 Couch Drive, McKinney, TX 75069

Census Tract: 48085030900

Other Texas Projects

NMTC financing generated 150 jobs for Eatery Essentials
New construction of a 43,730 sq. ft. facility that will have an optimized production kitchen with increased cold and dry storage; an efficient food preparation space; a dedicated volunteer training
A food manufacturing facility increased local production and added jobs in Garland, TX
The Houston Food Bank utilized NMTC financing to rehabilitate and add space to their current properties and to move the location of their kitchen to this updated site in order