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

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

21c Museum Hotel Oklahoma City

21c Museum Hotel Oklahoma City

Oklahoma City,

OK

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

27 Chandler Street

27 Chandler Street

Buffalo,

NY

Manufacturing, Massachusetts, MassDevelopment

50 Prescott Street

50 Prescott Street

Worcester,

MA

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

7800 Susquehanna Street

7800 Susquehanna Street

Pittsburgh,

PA

CCG Community Partners, Disaster Recovery, New Jersey, Sandy, Warehouse and Wholesale

975 High Street

975 High Street

Perth Amboy,

NJ

Manufacturing, National New Markets Fund, Rural, Texas

AAON Longview

AAON Longview

Longview,

TX

Alabama, AMCREF Community Capital, Manufacturing, Timber and Agriculture

Abbeville Fiber Sawmill

Abbeville Fiber Sawmill

Abbeyville,

AL

Food Manufacturing, Manufacturing, Texas, Texas Mezzanine Fund

ABC Beverage Manufacturing

ABC Beverage Manufacturing

Irving,

TX

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

Accurate Box

Accurate Box

Paterson,

NJ

Key Community Development New Markets, Manufacturing, Rural, Utah

ACT Aerospace

ACT Aerospace

Gunnison,

UT

Arizona, Manufacturing, Phoenix Community Development and Investment Corporation

Action Compaction Services

Action Compaction Services

Phoenix,

AZ

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

Aedificium

Aedificium

Phoenix,

AZ

Community, Dudley Ventures, GS New Markets Fund, Incubator, Manufacturing

Aerofarms/Makers Village

Aerofarms/Makers Village

Newark,

NJ

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

Aerotropolis Atlanta

Aerotropolis Atlanta

Atlanta,

GA

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

Ag Processing Grain Terminal

Ag Processing Grain Terminal

Aberdeen,

WA

Manufacturing, Midwest Minnesota CDC, Minnesota, Rural

AGCO

AGCO

Jackson,

MN

CEI Capital Management, Great Recession, Manufacturing, Rural, Rural Development Partners, Timber and Agriculture, West Virginia

Allegheny Forestland

Allegheny Forestland

Clay,

WV

Indiana, Manufacturing, Southside Community Optimal Redevelopment Enterprise

Alliance Steel

Alliance Steel

Gary,

IN

Heartland Regional Investment Fund, Illinois, Infrastructure, Manufacturing, Transportation and Ports

America’s Central Port Complex

America’s Central Port Complex

Madison,

IL

CEI Capital Management, Energy, Green, Infrastructure, Manufacturing, Michigan, Rural, Rural Development Partners, Utility, Waste Management

American Processing Inc

American Processing Inc

Alpena,

MI

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