David Kustoff (R-TN08)

Tax Staffer: Wright Ricketts, wright.ricketts@mail.house.gov.

District Highlights

28 projects
463,708,169 in NMTC allocation
689,566,262 total project financing
4,927 FTE jobs created or retained
1,977 construction jobs created
16 manufacturing businesses

28

projects

$463,708,169

NMTC Allocation

$689,566,262

in total project financing

4,927

FTE jobs

1,977

construction jobs

16

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Jackson Schools/Healthy Community Education Partners

Jackson,
TN
(2020)

Community, Mixed-use, Nonprofit Hub, Public School, Schools

CDE(s): CAHEC, River Gorge Capital, Truist

A public-private partnership improves education in Jackson, TN.

Silicon Ranch, Selmer

Selmer,
TN
(2015)

Energy, 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

ERMCO (Electric Research Manufacturing Cooperative)

Dyersburg,
TN
(2024)

Manufacturing

CDE(s): Cadence Community Capital, Grow American, MuniStrategies, Pathway Lending, Rural Development Partners

A specialized equipment manufacturer grew its footprint and added jobs in Dyersburg, TN

Excel Boats Tennessee

Union City,
TN
(2019)

Auto Manufacturing

CDE(s): Dudley Ventures

Renovate and equip an approximately 81,000 sq. ft. manufacturing an expanded line of fishing and pleasure boats, boat trailers, wiring harnesses and other boat related products.

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

Lauderdale Community Hospital

Ripley,
TN
(2022)

Community, FQHCs, Hospitals and Emergency Services

CDE(s): CCG Community Partners, Dudley Ventures, Hope Enterprise

Lauderdale Community Hospital constructed a new, state of the art facility to replace an obsolete hospital in rural Ripley, Tennessee.

Lifespan Health

Savannah,
TN
(2021)

Community, FQHCs, Healthcare

CDE(s): Community Health Center Capital Fund

Financing to support the development of a new 19,500 sq. ft. clinic on a six acre site that was previously purchased by Lifespan.

Ampro

Memphis,
TN
(2021)

Business Development, Manufacturing

CDE(s): Hampton Roads Ventures, Truist

NMTC financing supported the Ampro project.

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

Bongards Creameries

Humboldt,
TN
(2017)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Bluehub, PNC, Rural Development Partners

Financing to purchase and transform a plant in Humboldt into a natural processed cheese operation to support the growing demand for its products.

Williams Sausage

Union City,
TN
(2017)

Business Development, Manufacturing, Retail, Rural

CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund

Financing for the equipping of a manufacturing production facility, cold and dry storage, disbution center, truck maintenance hsop and new corporate offices.