CSTH-Dynamic, LLC

Norfolk,
VA
(2024)

CSTH-Dynamic, LLC

Manufacturing

A growing company expanded operations and created quality jobs in Norfolk, VA

Investment

NMTC Amount: $4,500,000
Total Project Cost: $10,700,000

IMPACT

50 FTE jobs
30 jobs created and 20 jobs retained

CDEs

Advantage Capital, People Incorporated Financial Services

Project Description

CSTH-Dynamic manufactures wreckers and car carriers for the towing industry. the company was formed to purchase the assets of Dynamic Towing, a company located in Norfolk, Virginia.This project provided financing for the company’s acquisition of Dynamic Towing’s assets and inventory, retaining Dynamic’s jobs in Norfolk.

CSTH-Dynamic was formed to acquire the assets of Dynamic Towing, a manufacturer of wrecker truck bodies.The owners of Dynamic Towing were planning to retire with no viable succession plans.This project provided the funds needed to facilitate the acquisition of the business and retain 20 jobs in Norfolk, Virginia.

MAP

Address: 1120 East Brambleton Avenue, Norfolk, VA 23504

Other Virginia Projects

The CARITAS Center

Richmond,
VA
(2019)

Addiction Treatment, Adult Education, Affordable Housing, Behavioral Health, College or Vocational Training, Community, Healthcare, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food

CDE(s): National Trust Community Investment Corporation, Truist

The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).