CDE: National New Markets Fund

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

PUBCO/Kroy

Cleveland,
OH
(2020)

Business Development, Community, Manufacturing, Veterans Services

CDE(s): Chase, National New Markets Fund

Expansion of PUBCO's operations and its manufacturing operations and capacity at its industrial campus in inner-city Cleveland by purchasing and installing new state-of-the-art equipment.

Kroy Phase 2

Cleveland,
OH
(2021)

Manufacturing

CDE(s): National New Markets Fund, PNC

This investment allowed Kroy to purchase new equipment to expand its manufacturing operations of bar codes, liner-less labels and other products.

San Antonio Food Bank

San Antonio,
TX
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Shelters and Community Food, Solar, Timber and Agriculture

CDE(s): National New Markets Fund, Texas Mezzanine Fund

A project doubled the overall facility to 204,000 sq. ft., more than double food storage capacity, and triple the cold storage space available for healthy fresh and frozen foods.

Dream Center

Los Angeles,
CA
(2012)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Shelters and Community Food, Youth and Families, Youth Program

CDE(s): Accion Opportunity Fund, Chase, Los Angeles Development Fund, National New Markets Fund, TELACU

The Dream Center, a volunteer-driven organization, currently serves over 40,000 people each month.

Rich Products (2024)

Brownsville,
TX
(2024)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

$117 million expansion project will add production capacity for branded appetizer business and bring more than 130 jobs to the community.

Bongards, Perham (MN)

Perham,
MN
(2024)

Business Development, Manufacturing

CDE(s): Dudley Ventures, Mascoma Community Development, National New Markets Fund, Rural Development Partners, Waveland Community Development

New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.

American Tubing Arkansas

Springdale,
AR
(2016)

Business Development, Machine Shops and Metal Fabrication, Manufacturing

CDE(s): National New Markets Fund

New building/equipment for an existing manufacturer of air conditioning components.

Komar Brands

Ellabell,
GA
(2024)

Manufacturing

CDE(s): National New Markets Fund, TD Community Development Corporation

Strategic investment in third-generation family-owned business brings new distribution capabilities and quality jobs into the Savannah community.

Second Phase of Rich Products’ Brownsville, Texas, Expansion Under Way

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

$117 million expansion project will add production capacity for branded appetizer business and bring more than 130 jobs to the community.

Custom Foods of America, Inc.

Knoxville,
TN
(2023)

Manufacturing

CDE(s): CCG Community Partners, Mid-City Community CDE, National New Markets Fund, TruFund, Truist

NMTC allocation helped Custom Foods of America (CFA) finance a 50% expansion of their 350K sq. ft. Knoxville, TN production campus. CFA manufactures soups and sauces for chain restaurants and

Bienville Lumber

Gibsland,
LA
(2023)

Business Development, Timber and Agriculture

CDE(s): AMCREF Community Capital, National New Markets Fund, PB Community Impact Fund

NMTC financing supported 130 new jobs near Taylor, Louisiana.

Central Louisiana Surgical Hospital

Alexandria,
LA
(2011)

Hospitals and Emergency Services

CDE(s): National New Markets Fund

CLSH is a short-term stay hospital recently expanded and opened in May of 2010, providing quality and effective patient services to both the insured and uninsured. Roughly 47% of CLSH

Highland Baking Company (2023)

Spartenburg,
SC
(2023)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Chase, Local Initiatives Support Corporation, National New Markets Fund, Urban Action Community Development

NMTC financing helped expand the Highland Baking Company plant in Spartanburg, South Carolina.

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

New Westervelt Lumber Mill Will Create Jobs in Thomasville

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

Nucleus Secures $20 Million in New Markets Tax Credits

Adult Education, College or Vocational Training, Community, Science and Tech, Vocational Training

CDE(s): National New Markets Fund, PNC

Cleveland printing company to add 50 jobs with $23M in federal tax credit financing

Business Development, Manufacturing, Veterans Services

CDE(s): Chase, National New Markets Fund

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

Southern Champion Tray

Chattanooga,
TN
(2021)

Food Manufacturing, Manufacturing, Plastics and Chemicals

CDE(s): AMCREF Community Capital, MuniStrategies, National New Markets Fund, Southern Community Capital, Truist

In December 2021, AMCREF Community Capital provided $9 million of NMTC financing to Southern Champion Tray, a 94-year-old sustainable paperboard packaging converter specializing primarily in food packaging for the grocery,

American Peanut Growers Group, LLC

Donalsonville,
GA
(2021)

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,

Beth Fore

CDE(s): National New Markets Fund

Vice President – New Market Tax Credits, SDS Group. Beth Fore joined SDS Capital Group in July of 2023. She is responsible for its New Markets Tax Credit investments, including

Sarla Performance Fibers

Walterboro,
SC
(2013)

Business Development, Manufacturing, Plastics and Chemicals, Rural

CDE(s): National New Markets Fund

Sarla Performance Fibers, based out of Mumbai, India, began the expansion of a new polyester yarn and thread manufacturing facility in rural South Carolina in early 2013.

MIA Seating

Union City,
TN
(2014)

Business Development, Manufacturing, Rural

CDE(s): National New Markets Fund, Truist

A new Technologically Advanced and Vertically Integrated manufacturing facility in the United States; manufacturing a high quality Made in the USA product line of office chairs and furniture at prices

ST Paper

Oconto Falls,
WI
(2010)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Greenline Ventures, National New Markets Fund, United Fund Advisors, USBCDE, WHEDA

ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities.

Detroit Manufacturing Systems

Detroit,
MI
(2014)

Auto Manufacturing, Business Development, Manufacturing

CDE(s): National New Markets Fund

Creation of 300 quality jobs at an auto part manufacturing facility in Detroit.

Aker BioMarine

Houston,
TX
(2013)

Business Development, Manufacturing

CDE(s): Chase, National New Markets Fund, Texas Mezzanine Fund

Aker BioMarine, a Norwegian biotechnology firm, is partnering with the French nutraceutical firm, Naturex Inc., to convert a vacant Dryer’s Grand Ice Cream facility into a biomarine manufacturing plant which

Rich Products

Missouri City,
TX
(2024)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

The NMTC supported Rich Products’ new state-of-the-art frozen dessert processing center is located in Missouri City, Texas.

Eatery Essentials

Dallas,
TX
(2020)

Business Development, Food Manufacturing, Grocery and Fresh Food, Manufacturing, Plastics and Chemicals, Retail, Retail and Commercial

CDE(s): National New Markets Fund

NMTC financing generated 150 jobs for Eatery Essentials

Westervelt Lumber

Thomasville,
AL
(2019)

Business Development, Manufacturing, Rural, Timber and Agriculture

CDE(s): Dakotas America, National New Markets Fund, Rural Development Partners, Truist

The $191.6 million facility will produce approximately 250 million board feet of pine lumber annually|taking advantage of the company’s nearby timberland and other facilities.

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.

Ochsner Baptist Medical Center

New Orleans,
LA
(2007)

Adult Daycare, Community, Disaster Recovery, Healthcare, Hospitals and Emergency Services, Katrina, Nursing Homes and Hospice

CDE(s): Capital One, Enhanced Capital, National New Markets Fund

NMTC financing was structured as operational capacity to expand and re-open more than one million sq. ft. of medical services space including: 100-bed surgical hospital, a senior living facility for

Nucleus Innovation Center

Louisville,
KY
(2013)

Adult Education, College or Vocational Training, Community, Science and Tech, Vocational Training

CDE(s): National New Markets Fund, PNC

The University of Louisville Foundation constructed an eight-story, 202,510 gross square foot commercial office, information technology and laboratory building known as the Nucleus Innovation Center Building #1, the first of

AAON Longview

Longview,
TX
(2019)

Business Development, Manufacturing

CDE(s): National New Markets Fund

A leading manufacturer of heating and cooling products used NMTC financing for its new facility expansion at the Longview, Texas manufacturing plant.

Habitat for Humanity, Gulf Coast Affiliates

Gulfport,
MS
(2009)

Affordable Housing, Community, Disaster Recovery, Habitat for Humanity, Housing, Katrina

CDE(s): National New Markets Fund

The Habitat Homes Project provided support to Habitat for Humanity affiliates located in Metro Jackson and in the Mississippi Gulf Coast areas of Mississippi.

Charter School of the Dunes

Gary,
IN
(2012)

Community, Schools

CDE(s): National New Markets Fund

Charter School of the Dunes constructed a new 50, 000 sq. ft. facility to house its expanding student population and better serve and educate low-income students in the Gary, Indiana