This project involves the transformation of former sugar plantation land into a eucalyptus plantation, the construction of a new, state-of-the-art veneer mill and the conversion to biomass fuel of two oil-fired electric generation plants. This project realizes economic goals of the state of Hawaii to revitalize the economy and environment.
Allegheny Wood Products, Inc. operates six sawmills in three states. Coastal Lumber Company operates fifteen sawmills in five states. Both companies are long-established, family-owned, integrated timberland and sawmill operators. Together, these mills employ more than 1,200 people in low-income areas. These two companies run 23 operations in 22 communities, a major source of employment in […]
American Process, Inc., utilized New Market Tax Credits to create 20 new jobs for a biorefinery project at its Alpena, Michigan plant site. The proposed project includes the new construction of a biorefinery where API will employ a modified version of its Green Power+ (patent pending) process whereby an extraction and ethanol production modules are […]
The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.
Burnsville’s 2013 unemployment rate of 35.4% was more than three times the national average. During the 1990’s, Tishomingo County lost approximately 2,500 manufacturing jobs, primarily in furniture and manufactured housing businesses. As the economy began to add back manufacturing jobs in the 2000’s, the Great Recession hit and saw unemployment rise rapidly. The area has […]
NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 SF and renovate space in the original production plant. This facility serves as a distribution center and specializes in strategic co-packaging, private label and branded business with both owned and licensed brands. The expansion created jobs in a severely distressed low-income community […]
Installation of new equipment, tooling, production lines and manufacturing process and expansion of internal reconfiguration to converting facility from outdated technology to utilizing more efficient technology. Nemak USA, Inc. is an existing manufacturer of complex aluminum components primarily for the automotive industry, utilizing recycled aluminum.
Rural Development Partners and the National Development Council used the NMTC to help West Virginia Great Barrel Company (WVGBC) construct a new barrel manufacturing facility in White Sulphur Springs, WV.
Memphis-based Monogram Food Solutions is receiving an investment of more than $7.6 million from U.S. Bank. The funding, which is in the form of tax credit equity, will go towards Monogram Food’s planned expansion of its Martinsville, Virginia, production facility. The entire project, which is budgeted at $55 million, will include a 54,000-square-foot addition to […]
The new 475,000-square-foot facility will source peanuts within a 200 mile radius from farms in Mississippi, Alabama, Georgia and Florida. The project will create 130 permanent jobs with training and career advancement opportunities in addition to 95 construction jobs. The project anticipates shelling 140,000 tons of peanut annually, which will be sold domestically and internationally. […]