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

Litehouse

Danville,
VA
(2020)

Business Development, Manufacturing, Rural

CDE(s): Danville Virginia CDE

Equipment financing for the expansion of a salad dressing manufacturer. Company expanded production to a add new equipment lines to increase volume of production and job creation at this location.

River District Tower

DANVILLE,
VA
(2016)

Historic Rehabilitation, Housing, Mixed-use, Rural

CDE(s): Danville Virginia CDE

NMTC financing for River District Tower, a mixed-use project.

Martinsville Clean Energy Plant

Martinsville,
VA
(2017)

Community, Energy, Food Manufacturing, Manufacturing, Waste Management, Water Management

CDE(s): Dudley Ventures, French Lick Redevelopment CDE

The Martinsville Clean Energy project successfully combined Investment Tax Credits and New Markets Tax Credits for the design, construction and installation of state-of-the-art clean energy generation technology into an anaerobic

ODU Tri-Cities Center

Portsmouth,
(2007)

CDE(s): SCORE

With construction starting in 2006 and completed in 2007, the Old Dominion Tri-Cities Center moved to its current location at 1070 University Boulevard in Portsmouth along with the Virginia Modeling