CDE: United Bank of Alabama

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

Investment into manufacturer restores lost jobs and helps to revitalize distressed community.
Advanced manufacturing and recycling facility stimulates jobs and economic activity in impoverished community
Investment into manufacturer restores lost jobs and helps to revitalize distressed community.
UB Community Development, LLC (UBCD), a community development partner of United Bank, was pleased to provide a combined $10 million in Federal and Mississippi New Markets Tax Credit (NMTC) funding

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors

The UB Community Development LLC (UBCD) community development subsidiary of Altmore, Alabama-based United Bancorporation of Alabama (United Bank) will provide a $10 million Federal NMTC allocation to Ecore International Inc.

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares

Premium-quality flexible packaging solutions provider McNeely Plastic Products has revealed plans to expand its plastic product manufacturing facility in Clinton, Mississippi, US. The company received $4.5m Federal NMTC (NMTC) allocation

Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.

The project at Fairfield will include the removal of antiquated equipment and installation of new, modernized manufacturing equipment. The current plant configuration and equipment are not setup for use in

This project supported a company which assembles and produces manufactured homes for sale throughout the Southern U.S.
$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama

This LEED Certified project consists of a new 2-story, approximately 42,000 square feet detached educational & administration building for Faulkner State Community College (now Coastal Alabama Community College). This building

The company is an operating business that engages in the sale of automotive parts and mechanic services. It will use the proceeds to acquire a new commercial facility to begin

The building of the world’s largest wood pellet plant in Epes, Alabama. Enviva is the largest producer of industrial wood pellets, a renewable energy alternative to fossil fuels. Enviva’s sustainable

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,

UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a $42.5 million New Markets Tax Credit (NMTC) allocation to support the building
Construction of a 6,919 sq. ft. office facility that provides convening space for agencies, businesses, and community leaders to meet and address issues.
Purchase and installation of new equipment for the expansion of a manufacturing operation in rural Albertville, AL.
NMTCs Put Major Construction at Iconic Alabama College over the Top
The relocation of a Canadian based company to Alabama where it opened a packaging facility.
This project involves the acquisition and rehabilitation of multiple commercial buildings in downtown Monroeville, AL. The project brought a big boost to Monroeville's downtown corridor.
Renovation of the historic Barton Academy Building into an internationally focused, public school within the Mobile County Public School System.
Financing for a new Southern Visions facility located in Bay Minette, Alabama.
A 200,000 square foot expansion of a distribution center, providing necessary space to handle the increase in volume of products held for distribution.
The 5th phase in a 5-phase commercial development located at the Project site in Foley, AL.
A Flomaton-based peanut warehousing facility received $11.6 million in NMTC funds to consolidate ownership among its family farmer members.
NMTC equity helped fund the construction of a 105,000-sq. ft. office building at Auburn University in Alabama.
A new 475,000-sq. ft. facility sources peanuts within a 200 mile radius from farms in Mississippi, Alabama, Georgia and Florida and creates 130 permanent jobs with training and career advancement
A surgery center expansion that focuses on lower-acuity, out-patient based surgeries.
After sitting vacant for more than a decade, the former WestPoint Stevens building in Abbeville is now buzzing with new life and 115 jobs after a $40 million transformation by
A Flomaton-based peanut warehousing facility received $11.6 million in NMTC funds to consolidate ownership among its family farmer members.