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KemPosits Manufacturing Company

NMTC transaction brings the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc.

Investment

  • NMTC Amount: $20,147,929
  • Total Project Cost: $20,147,929

IMPACT

  • 150 FTE jobs
  • 101 construction jobs
  • 35,551 sq. ft. of real estate

Project Description

This project brought the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc. The transaction closed on July 3, 2012. KemPosits manufactures walk-in bathtubs ideally suited to retirement homes and communities. KemPosits uses a topline, semirobotic process and brings intellectual property and training to the Choctaw community.

This deal created 150 local jobs in the first few years of operation. Phyllis J. Anderson, Choctaw Tribal Chief, said this project is “an excellent example of how tribes can work together to further our common goal of building strong tribal economies.”

MAP

Address: 375 Industrial Road, Philadelphia, MS 39350

Other Mississippi Projects

Financing for a Biomass processing and manufacturing facility.
Renovation work is underway at Vicksburg High School.
The acquisition of machinery and equipment to be used in the nearly 1,000,0000 square foot tire manufacturing facility, which is located in rural West Point, MS.

PB Community Impact Fund provided a $3.6 million New Market Tax Credit enhanced loan to Consolidated Catfish Producers to refinance high-interest debt that was burdening its operations. Consolidated Catfish Producers