CDE: Midwest Renewable Capital

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

ERMCO II

Greenville,
TN
(2023)

Manufacturing

CDE(s): Chase, Community Ventures, Midwest Renewable Capital, MuniStrategies

The renovation of a 200,000 sq. ft. production plant in the former Caterpillar location. This production plant makes tranformers and transformer components.

mHub

Chicago,
IL
(2023)

Incubator, Manufacturing

CDE(s): Central Bank of Kansas City, FirstPathway Community Development, Midwest Renewable Capital, SCORE

The project supported the acquisition and rehabilitation of a historic building that will be home to an innovation hub for Minority- and Women-Owned Business Enterprises (MWBEs) located in Chicago, IL

Snak King

Freeport,
IL
(2019)

Food Manufacturing

CDE(s): Midwest Renewable Capital

NMTC financing supported 192 jobs at a food manufacturer in Freeport, IL.

Commercial Metals Company

Durant,
OK
(2015)

Machine Shops and Metal Fabrication

CDE(s): Midwest Renewable Capital, National New Markets Fund, REI Development Corp, USBCDE

NMTC financing for the construction of an environmentally sustainable steel manufacturing facility in Durant, OK.

ERMCO

Dyersburg,
TN
(2021)

Manufacturing

CDE(s): Midwest Renewable Capital, National New Markets Fund, Waveland Community Development

ERMCO is headquartered in Dyersburg, TN and is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc in Little Rock, AR. ERMCO is using NMTCs to equip and expand production

American Peanut Growers Group to Open New Facility Creating 90 Jobs

Timber and Agriculture

CDE(s): Carver State Bank, Midwest Renewable Capital, National New Markets Fund, United Bank of Alabama, United Fund Advisors

Crosstown Concourse celebrates 5 years since opening

Mixed-use, Mixed-use and Commercial

CDE(s): Dudley Ventures, Mid-City Community CDE, Midwest Renewable Capital, National Trust Community Investment Corporation, Truist

American Peanut Growers Group, LLC

Donalsonville,
GA
(2021)

Co-ops, Timber and Agriculture

CDE(s): Carver State Bank, Midwest Renewable Capital, National New Markets Fund, United Bank of Alabama, United Fund Advisors

Formed in 2003, American Peanut Growers Group LLC is a farmer-owned cooperative shelling plant that returns the profit over the farmer stock price directly back to the growers through distributions,

Yokohama Tire Manufacturing

West Point,
MS
(2014)

Auto Manufacturing, Business Development, Manufacturing, Rural

CDE(s): Community Impact Fund, Dudley Ventures, Midwest Renewable Capital

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.

Continental Tire

Norfolk,
NE
(2018)

Business Development, Manufacturing, Rural

CDE(s): Midwest Renewable Capital

The NMTC supported a $9.3 million expansion of the rubber mixing operations at its Continental Tire's industrial hose plant in Norfolk.

Berea College Lock 12

Berea,
KY
(2020)

Adult Education, College or Vocational Training, Community, Higher Education, Rural, Vocational Training

CDE(s): Community Ventures, Midwest Renewable Capital

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to

Seaboard Energy

Hugoton,
KS
(2020)

Community, Manufacturing, Rural

CDE(s): Midwest Renewable Capital, National Impact Fund

NIF allocated $15 million to support Seaboard Energy’s retrofit of an idle ethanol processing facility in Hugoton, Kansas.

Pinelands

Allendale,
SC
(2012)

Biofuels, Community, Energy, Environment, Manufacturing, Rural, Timber and Agriculture

CDE(s): Midwest Renewable Capital, Rural Development Partners

NMTCs were leveraged to build two identical 21 MW biomass generation facilities which will convert wood pulp and debris into electricity for use throughout South Carolina.

Spirit AeroSystems

Wichita,
KS
(2017)

Business Development, Manufacturing, Waste Management, Water Management

CDE(s): Central Bank of Kansas City, Chase, Consortium America, Midwest Renewable Capital

NMTC financing allowed Spirit AreoSystems to expand theircurrent facility to allow for increased ability to design, fabricate, and assemble large-scale aerostructures within various business segments.

Silicon Ranch, Selmer

Selmer,
TN
(2015)

Energy, Environment, Manufacturing, Rural, Solar

CDE(s): Community Impact Fund, Midwest Renewable Capital

On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in

Stadler Rail

Salt Lake City,
UT
(2018)

Infrastructure, Manufacturing, Transportation and Ports

CDE(s): Dudley Ventures, Midwest Renewable Capital, Waveland Community Development

Stadler Rail constructed a new 226,000 square foot, state-of-the-art manufacturing facility for light rail passenger cars in Salt Lake City where they built and assemble trains for transit properties throughout

Potters Industries

Paris,
TX
(2016)

Business Development, Manufacturing, Plastics and Chemicals, Rural

CDE(s): Midwest Renewable Capital

Financing for Potters Industries, a leading producer of engineered glass materials serving the oil and gas industry, polymer additives, highway safety, metal finishing,

American SprialWeld Pipe Co.

Paris,
TX
(2018)

Business Development, Manufacturing, Rural

CDE(s): Midwest Renewable Capital, National New Markets Fund, PeopleFund NMTC

The new construction and equipping of a $62.8M, 275,000 sq. ft. spiral welded pipe manufacturing plant in rural Paris, Texas.

Crosstown Concourse

Memphis,
TN
(2014)

Affordable Housing, Arts, Community, Grocery and Fresh Food, Healthcare, Historic Tax Credit, Housing, Mixed-use, Recreation, Retail, Retail and Commercial, Schools, Theaters and Performing Arts Spaces, Youth and Families

CDE(s): Dudley Ventures, Low Income Investment Fund, Mid-City Community CDE, Midwest Renewable Capital, National Trust Community Investment Corporation, Truist

Crosstown Concourse offers approximately 635,122 sf. of commercial, retail and mixed-residential space and 269 apartments consisting of 12 micro units, 24 studios, 64 one-bedroom, 155 two-bedroom and 8 three-bedroom apartments.

Tiger Fibers

Lawrenceville,
VA
(2012)

Adult Education, Biofuels, College or Vocational Training, Community, Energy, Environment, Manufacturing, Rural

CDE(s): Midwest Renewable Capital

The acquisition and installation of equipment at a biofuels processing facility in rural Lawrenceville, Virginia, a community of approximately 1,400 people.

TruStile Doors

Denver,
CO
(2019)

Biofuels, Business Development, Manufacturing

CDE(s): Brownfield Revitalization, Central States Development Partners, Colorado Enterprise Fund, Dudley Ventures, Midwest Renewable Capital

A manufacturer expands its Denver operations, opening the door for over 1,000 new jobs.

Ravenbrick

Denver,
CO
(2014)

Business Development, Manufacturing

CDE(s): Greenline Ventures, Midwest Renewable Capital

Financing for a manufacturer of LEED Certified building products and window materials.

Scenic Hill Solar

Clarksville,
AR
(2018)

Community, Energy, Environment, Rural, Solar

CDE(s): Midwest Renewable Capital

Financing to construct an additional 2 megawatts in solar capacity, expanding an existing construction project from 5 MW to 7 MW.

Mannington Mills

Calhoun,
GA
(2019)

Business Development, Environment, Manufacturing, Rural

CDE(s): Community Impact Fund, Midwest Renewable Capital, United Fund Advisors, Wells Fargo

Acquiring and renovating a distribution center in the small rural town of Calhoun, GA.