MagPro, LLC (2025, 2nd tranche)

Camden,
Tennessee
(2025)

MagPro, LLC (2025, 2nd tranche)

Manufacturing and Industrial

Investment

NMTC Amount: $17,500,000
Total Project Cost: $32,380,229

IMPACT

200 FTE jobs
150 jobs created, 50 retained

CDEs

Rural Development Partners

Investor

US Bank

Project Description

Through a multi-phase plan, NMTCs will help MagPro increase their production of primary magnesium in the United States reducing U.S. dependency on imports. Phase I (closed December 2024) $12.5 million in NMTCs helped purchase inventory and raw materials, increasing the production of magnesium by nearly 100% and creating over 50 new jobs. Phase 2 (RDP phase) will utilize $17.5 million in NMTCs, enabling MagPro to self-construct 5-7 vacuum furnaces to increase the volume of raw materials and inventory significantly increasing operations, and driving the need for an additional 150 new jobs. Within the next five years, MagPro will construct a new 20,000 SF structure located adjacent to the existing 100,000 SF facility to accommodate anticipated growth.

MAP

Address: 245 Foundry Lane, Camden, Tennessee 38320

Saint Augustine High School

New Orleans,
LA
(2021)

FQHCs, Schools

CDE(s): Enhanced Capital

Enhanced Capital is thrilled to partner with St. Augustine High School (St. Augustine) to provide financing through the Louisiana and federal New Markets Tax Credit (NMTC) program. Located in New

Cristo Rey St. Martin College Prep Phase 2

Waukegan,
IL
(2020)

Community, Makerspace, Private School, Recreation, Religious Organizations, Retail, Retail and Commercial, Schools, Theaters and Performing Arts Spaces

CDE(s): Enhanced Capital

Development of 47,000 sq. ft. of unused retail space into a Fine Arts Makerspace, a Performance Stage, a Gym/Fitness Center and additional classrooms for a high school.

Bentley Project

Phoenix,
AZ
(2005)

Behavioral Health, Community, Healthcare

CDE(s): Community Development Funding

Located in Phoenix just south of the Downtown Warehouse District, the former commercial laundry facility, Phoenix Linen and Towel Supply Company, has undergone a renovation of more than 30,000 square

University of the Ozarks Thomas and Frances Wilson Science Center

Clarksville,
AR
(2021)

CDE(s): Heartland Renaissance Fund, Southern Bancorp

Finances the renovation and expansion of the Science Center at University of Ozarks