Food Manufacturing

Rich Products

Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

Food supplier doubles the size of its manufacturing facility creating much needed quality jobs in Brownsville, Texas.

Grassland Dairy Products

Food Manufacturing, Manufacturing

CDE(s): CEI Capital Management, Impact Seven, Waveland Community Development

Expansion of a five-generation, family-owned and operated dairy products manufacturer

Westin, Inc.

Fairbury,
NE
(2022)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Advantage Capital

The NMTC provided a food packaging company with funds needed to expand their current facility and purchase needed equipment.

Consolidated Catfish Producers

Isola,
MS
(2022)

Food Manufacturing

CDE(s): PB Community Impact Fund

PB Community Impact Fund provided a $3.6 million New Market Tax Credit enhanced loan to Consolidated Catfish Producers to refinance high-interest debt that was burdening its operations. Consolidated Catfish Producers

Second Phase of Rich Products’ Brownsville, Texas, Expansion Under Way

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

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

Rich Products (2024)

Brownsville,
TX
(2024)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, National New Markets Fund

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

Make the New Markets Tax Credit permanent

Business Development, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures

The New Markets Tax Credit helps provide jobs, economic development and food security, says Dr. Chris Freeman, CFO of Bongards Creameries. He says it should be a permanent federal policy.

Dole Foods Bessemer Expansion

Bessemer City,
NC
(2007)

Business Development, Food Manufacturing, Manufacturing

CDE(s): TruFund, USBCDE

NMTC financing supported 900 jobs in Bessemer City.

Highland Baking Company (2023)

Spartenburg,
SC
(2023)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Chase, Local Initiatives Support Corporation, National New Markets Fund, Urban Action Community Development

NMTC financing helped expand the Highland Baking Company plant in Spartanburg, South Carolina.

Baldinger Bakery

Saint Paul,
MN
(2010)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Capital City Properties, CRFUSA

New bakery keeps Baldinger in St. Paul, adds 40 jobs long-term

Snak King

Freeport,
IL
(2019)

Food Manufacturing

CDE(s): Midwest Renewable Capital

NMTC financing supported 192 jobs at a food manufacturer in Freeport, IL.

Full Circle Brewing

Fresno,
CA

Beverages, Food Manufacturing

CDE(s): Lendistry

NMTC financing for Full Circle Brewing created 10 FTE jobs.

Blue Moose

Lafayette,
CO
(2022)

Food Manufacturing

CDE(s): Greenline Ventures

NMTC financing supported facility renovation/capacity expansion for a manufacturer

Pretzel Baron

Cincinnati,
OH
(2019)

Food Manufacturing

CDE(s): Finance Fund

Pretzel Baron, a 100-year old Ohio pretzel manufacturer, acquired, assembled and installed equipment in its facility for the purpose of expanding its operations and adding a second production line, which

Hudsonville Creamery

Holland,
MI
(2021)

Food Manufacturing

CDE(s): Michigan Community Capital, PNC

Purchase, installation and operation of new equipment in an ice cream manufacturing facility in Holland, MI.

Birds Eye Peas

Waseca,
MN
(2021)

Food Manufacturing

CDE(s): CRFUSA, Midwest Minnesota CDC, Waveland Community Development

Financing for a rural manufacturing/production facility that processes and packages pea for national distribution.

Wayne Farms and Laurel Fresh Production Facility

Laurel,
MS
(2020)

Food Manufacturing

CDE(s): Capital One, MuniStrategies

Poultry producer and processor Wayne Farms is investing $16.9M in the expansion of its Laurel Fresh Production Facility in Mississippi, US.

Jack Links Beef Jerky Manufacturing and Water Treatment Facility

Alpena,
SD
(2012)

Food Manufacturing, Manufacturing, Waste Management, Water Management

CDE(s): Chase, Dakotas America, Midwest Minnesota CDC

Demand for beef jerky was rising, and the Jack Link’s upgraded plant in Alpena answered the call. Link Snacks Inc., or LSI, which produces Jack Link’s products, completed a 26,000

Coffee Café Bakery

Atlanta,
GA
(2021)

Food Manufacturing

CDE(s): CRFUSA, Dudley Ventures, Rose Urban Green Fund

Coffee Café Bakery, a joint venture between four minority business owners, will renovate and fully equip an existing 31,150 sq. ft. warehouse into a baking facility located at 3528 Browns

Reser’s Fine Foods, Inc

Topeka,
KS
(2019)

Food Manufacturing

CDE(s): Central Bank of Kansas City, Dudley Ventures

The repurposing and equipping of a vacant food manufacturing plant into a baked foods facility.

Bueno Foods

Albuquerque,
NM
(2021)

Environment, Food Bank or Pantry, Food Manufacturing, HFFI

CDE(s): New Mexico Finance Authority

A food manufacturing plant expansion on in Albuquerque's South Valley, an economically depressed area of the City.

Wholestone Farms

Fremont,
NE
(2022)

Co-ops, Food Manufacturing, Manufacturing

CDE(s): Dudley Ventures, Greenline Ventures, Stonehenge Community Development

NMTC financing for Wholestone Farms, a Pork Processing plant in Fremont, NE.

Castellucci Hospitality Group

Johns Creek,
GA
(2021)

Food Manufacturing, Manufacturing

CDE(s): United Fund Advisors

In order to expand production and create more high-quality jobs, Castellini constructed a new 180,000 sq. ft. refrigerated processing and distribution facility that includes 20,000 sq. ft. of LEED-certified office

Towne Club Bottling Co

Detroit,
MI
(2018)

Beverages, Food Manufacturing, Manufacturing

CDE(s): Midwest Industrial Redevelopment Fund

Financing for a soda distributor and bottler, Towne Club Bottling.

Chobani

New Berlin,
NY
(2011)

Food Manufacturing, Manufacturing

CDE(s): Bank of America, CDF Development (Cordish), Dudley Ventures, Ecotrust, Empire State Development Corporation, Solomon Hess SBA Loan Fund

The renovation and equipping of a 70,000 sq. ft. facility in New Berlin, a highly distressed rural part of upstate New York.

Tyson Foods

Storm Lake,
IA
(2019)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Iowa Community Development

Tyson Foods opens $50 million feed mill

$300,000 grant paves way for Mar-Jac Poultry expansion in northwest Alabama

Business Development, Food Manufacturing, Manufacturing, Rural, Tornadoes

CDE(s): MuniStrategies

Thin Man Gets Low Cost Loan Brewery Expansion

Beverages, Business Development, Food Manufacturing, Manufacturing, Restaurants and Catering, Retail and Commercial

CDE(s): Empire State Development Corporation

L.A. Prep Project Lincoln Heights Secures Financing

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Food Manufacturing, HFFI, Incubator, Manufacturing

CDE(s): Los Angeles Development Fund, Urban America

Us Bank Investing in Monogram Expansion

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): The Valued Advisor Fund

New York City Regional Center Managed Entity Closes First New Market Tax Credit Transaction

Business Development, Food Manufacturing, Grocery and Fresh Food, HFFI, Manufacturing, Retail, Retail and Commercial, Warehouse and Wholesale

CDE(s): Chase, Citibank, Hampton Roads Ventures, Mid-City Community CDE, Urban Action Community Development

Mar Jac Poultry Announces Major Expansion

Business Development, Food Manufacturing, Manufacturing

CDE(s): Enhanced Capital

Farm Fresh RI Plans $155 Million Food Hub on Vacant Kinsley Avenue Site

Adult Education, Brownfield Remediation, College or Vocational Training, Community, Culinary Entrepreneurship, Environment, Food Manufacturing, Manufacturing

CDE(s): Brownfield Revitalization, Capital One, MHIC

Bakery Near Hearon Circle is Getting Big Upgrade

Business Development, Food Manufacturing, Manufacturing

CDE(s): Innovate Fund

Mission Foods to Open Massive Hub in Texas

Business Development, Food Manufacturing, Manufacturing

CDE(s): MBS Urban Initiatives, Texas Mezzanine Fund, The Valued Advisor Fund, USBCDE

Southern Champion Tray

Chattanooga,
TN
(2021)

Food Manufacturing, Manufacturing, Plastics and Chemicals

CDE(s): AMCREF, MuniStrategies, National New Markets Fund, Southern Community Capital, Truist

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,