Manufacturing

Manufacturing has been the most popular use of NMTC-financing for several years running. In 2018, CDEs financed 53 manufacturing projects and an additional 26 projects included a manufacturing component. Altogether, those projects supported 193 manufacturing businesses ranging from a jewelry manufacturer in Philadelphia, PA to a 250,000 sq. ft. expansion of a fiberboard manufacturer in Barnwell, SC.

193

Businesses Supported

6.7M

Sq. Ft. of Industrial Space

12K

FTE Jobs

2018 Manufacturing Project Examples

Flex-N-Gate, Detroit, MI

Flex-N-Gate will be the largest auto supplier investment in the City in more than two decades and will initially provide world-class quality, time-sensitive components to Ford Motor Company. With an unemployment rate of over 32.9%, the project will create 480 FTEs upon start of production with up to 800 total FTEs created at production capacity and 259 new construction jobs.

Stadler Rail, Salt Lake City, UT

Stadler Rail will construct a new 226,000 sq. ft., state-of-the-art manufacturing facility for light rail passenger cars in Salt Lake City where they will build and assemble trains for transit properties throughout the US. The Project will allow the Sponsor to create quality jobs, an apprenticeship training program, develop infrastructure, and have a substantial production capacity and 259 new construction jobs.

Columbia Pulp, Starbuck, WA

VOORMI, Pagosa Springs, CO

American Spiralweld Pipe, Paris, TX

The project involves the new construction and equipping of a $62.8M, 275,000 SF spiral welded pipe manufacturing plant in rural Paris, Texas. The project will create 150 full time jobs with average starting wages for production employees of $46,000 in addition to full benefits,. The project will provide 75 construction jobs in the severely distressed community.

Building 127, Brooklyn, NY

Brooklyn Navy Yard Development Corporation will rehabilitate and renovate Building 127, approximately 100,000 SF, at the Yard, restoring it to an active manufacturing use and creative workspace that supports the Yard’s job-creation and economic development mission. The Project tenants will provide approximately 300 permanent, quality jobs and the Project will provide 75 construction jobs in the severely distressed community.

Highland Baking, Spartanburg, SC

Flex-N-Gate, Detroit, MI

Older Manufacturing Projects

21c Museum Hotel Oklahoma City

Arts, Community, Historic Rehabilitation, Hotel, Manufacturing, Museums, New Markets Redevelopment (Wiggin), Oklahoma, REI New Markets Investment

21c Museum Hotel Oklahoma City

Oklahoma City,

OK

27 Chandler Street

College or Vocational Training, Food Manufacturing, Historic Rehabilitation, Incubator, Manufacturing, National Trust Community Investment Corporation, New York

27 Chandler Street

Buffalo,

NY

50 Prescott Street

Manufacturing, Massachusetts, MassDevelopment New Markets

50 Prescott Street

Worcester,

MA

7800 Susquehanna Street

College or Vocational Training, Historic Rehabilitation, Incubator, Manufacturing, Pennsylvania, Pittsburgh Urban Initiatives, PNC

7800 Susquehanna Street

Pittsburgh,

PA

AAON Longview

Manufacturing, National New Markets Fund, Rural, Texas

AAON Longview

Longview,

TX

Abbeville Fiber Sawmill

Alabama, AMCREF Community Capital, Manufacturing, Timber and Agriculture

Abbeville Fiber Sawmill

Abbeyville,

AL

ABC Beverage Manufacturing

Food Manufacturing, Manufacturing, Texas, Texas Mezzanine Fund

ABC Beverage Manufacturing

Irving,

TX

Accurate Box

CRFUSA, Manufacturing, New Jersey, New Jersey Community Loan Fund

Accurate Box

Paterson,

NJ

ACT Aerospace

Key Community Development New Markets, Manufacturing, Rural, Utah

ACT Aerospace

Gunnison,

UT

Action Compaction Services

Arizona, Manufacturing, Phoenix Community Development and Investment Corporation

Action Compaction Services

Phoenix,

AZ

Aedificium

Arizona, Manufacturing, Phoenix Community Development and Investment Corporation, Prestamos

Aedificium

Phoenix,

AZ

Aerotropolis Atlanta

Atlanta Emerging Markets, Georgia, Great Recession, Greenline Community Development Fund, Manufacturing

Aerotropolis Atlanta

Atlanta,

GA

Ag Processing Grain Terminal

CityScape Capital, Craft3, Food Manufacturing, Infrastructure, Manufacturing, Ports, Transportation and Ports, TruFund, Warehouse and Wholesale, Washington

Ag Processing Grain Terminal

Aberdeen,

WA

AGCO

Manufacturing, Midwest Minnesota CDC, Minnesota, Rural

AGCO

Jackson,

MN

Alliance Steel

Indiana, Manufacturing, Southside Community Optimal Redevelopment Enterprise

Alliance Steel

Gary,

IN

America’s Central Port Complex

Heartland Regional Investment Fund (St. Louis Partnership), Illinois, Infrastructure, Manufacturing, Ports, Transportation and Ports

America’s Central Port Complex

Madison,

IL

American SprialWeld Pipe Co.

Manufacturing, Massachusetts, Rockland Trust, Rural

American SprialWeld Pipe Co.

Stoughton,

MA

American SprialWeld Pipe Co.

Manufacturing, National New Markets Fund, Rural, Texas

American SprialWeld Pipe Co.

Paris,

TX

American Tubing Arkansas

Arkansas, Manufacturing, National New Markets Fund

American Tubing Arkansas

Springdale,

AR

Amino Plus Production

Food Manufacturing, Local Initiatives Support Corporation, Manufacturing, Midwest Minnesota CDC, Minnesota, U.S. Bancorp Community Development Entity

Amino Plus Production

Dawson,

MN

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