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CDE: National New Markets Fund

National New Markets Fund website

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:

  • 2021 Allocation: $60,000,000
  • 2022 Allocation: $50,000,000

Project Profiles and Stories

Bongards, Perham (MN) (2024)

Perham, MN
New Markets Tax Credit financing for equipment toward the expansion of a cheese and whey processing facility in Perham, Minnesota.
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Second Phase of Rich Products’ Brownsville, Texas, Expansion Under Way ()

$117 million expansion project will add production capacity for branded appetizer business and bring more than 130 jobs to the community.
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Rich Products (2024) (2024)

Brownsville, TX
$117 million expansion project will add production capacity for branded appetizer business and bring more than 130 jobs to the community.
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Custom Foods of America, Inc. (2023)

Knoxville, TN

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

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Bienville Lumber (2023)

Gibsland, LA
NMTC financing supported 130 new jobs near Taylor, Louisiana.
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Central Louisiana Surgical Hospital (2011)

Alexandria, LA

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

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Highland Baking Company (2023) (2023)

Spartenburg, SC
NMTC financing helped expand the Highland Baking Company plant in Spartanburg, South Carolina.
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Kroy Phase 2 (2021)

Cleveland, OH
This investment allowed Kroy to purchase new equipment to expand its manufacturing operations of bar codes, liner-less labels and other products.
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Commercial Metals Company (2015)

Durant, OK
NMTC financing for the construction of an environmentally sustainable steel manufacturing facility in Durant, OK.
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ERMCO (2021)

Dyersburg, TN

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

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New Westervelt Lumber Mill Will Create Jobs in Thomasville ()

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Nucleus Secures $20 Million in New Markets Tax Credits ()

  • Adult Education, College or Vocational Training, Community, Disability Services, Science and Tech, Vocational Training
  • CDEs: National New Markets Fund, PNC
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Cleveland printing company to add 50 jobs with $23M in federal tax credit financing ()

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American Peanut Growers Group to Open New Facility Creating 90 Jobs ()

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Southern Champion Tray (2021)

Chattanooga, TN
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,
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American Peanut Growers Group, LLC (2021)

Donalsonville, GA

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,

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Beth Fore ()

Vice President – New Market Tax Credits, SDS Group.

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Sarla Performance Fibers (2013)

Walterboro, SC
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.
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MIA Seating (2014)

Union City, TN
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
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ST Paper (2010)

Oconto Falls, WI
ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities.
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Detroit Manufacturing Systems (2014)

Detroit, MI
Creation of 300 quality jobs at an auto part manufacturing facility in Detroit.
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Aker BioMarine (2013)

Houston, TX
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
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Eatery Essentials (2020)

Dallas, TX
  • Business Development, Food Manufacturing, Grocery and Fresh Food, HFFI, Manufacturing, Plastics and Chemicals, Retail, Retail and Commercial
  • CDEs: National New Markets Fund
NMTC financing generated 150 jobs for Eatery Essentials
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PUBCO/Kroy (2020)

Cleveland, OH
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.
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Westervelt Lumber (2019)

Thomasville, AL
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.
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American Tubing Arkansas (2016)

Springdale, AR
New building/equipment for an existing manufacturer of air conditioning components.
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Plaza Adelante (2008)

San Francisco, CA
  • Arts, Community, Daycare and Early Childhood, FQHCs, Healthcare, Mixed-use, Nonprofit Hub, Youth and Families
  • CDEs: National New Markets Fund
This multi-tenant nonprofit complex, formerly a warehouse, located in San Francisco's Mission District is a one-stop center of financial, legal, health, childcare and supportive services for low-income residents.
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San Antonio Food Bank (2012)

San Antonio, TX
  • Adult Education, Behavioral Health, College or Vocational Training, Community, Creative Farming, Food Bank or Pantry, HFFI, Homeless Services, Shelters and Community Food, Solar, Timber and Agriculture
  • CDEs: 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.
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American SprialWeld Pipe Co. (2018)

Paris, TX
The new construction and equipping of a $62.8M, 275,000 sq. ft. spiral welded pipe manufacturing plant in rural Paris, Texas.
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Ochsner Baptist Medical Center (2007)

New Orleans, LA
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
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National World War II Museum (2007)

New Orleans, LA
NMTC financing supported the construction of the National World War II Museum
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Nucleus Innovation Center (2013)

Louisville, KY
  • Adult Education, College or Vocational Training, Community, Disability Services, Science and Tech, Vocational Training
  • CDEs: 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
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Dream Center (2012)

Los Angeles, CA
The Dream Center, a volunteer-driven organization, currently serves over 40,000 people each month.
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AAON Longview (2019)

Longview, TX
A leading manufacturer of heating and cooling products used NMTC financing for its new facility expansion at the Longview, Texas manufacturing plant.
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Habitat for Humanity, Gulf Coast Affiliates (2009)

Gulfport, MS
  • Affordable Housing, Community, Disaster Recovery, Environment, Habitat for Humanity, Housing, Katrina
  • CDEs: 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.
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Charter School of the Dunes (2012)

Gary, IN
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
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