Manufacturing | New Markets Tax Credit Coalition

Model Mill

Summers-Taylor Inc. expects to make the Model MIll on West Walnut Street its new headquarters by the end of the year (2020). The highway construction company will occupy one-third of the space inside the refurbished building, which once thrived as a flour mill. The mill was at the risk of becoming more of an eyesore than an iconic downtown Johnson Citystructure. Summers came to a sound deal with the previous owners and will progress toward a later-half 2018 finish date of his work at the site.

Atlantic Avenue Industrial Center

Greenpoint Manufacturing and Design Center (GMDC) renovated a 50,000 square foot industrial building to create a manufacturing facility for several small-scale manufacturers. Located in Crown Heights Brooklyn just a few blocks from public transportation, the facility provides affordable space, for woodworkers, custom frame builders, metal workers, ceramic artists, and other artisanal trades. The renovated facility will achieve LEED Silver certification.

7800 Susquehanna Street

The renovation of an existing five-story 135,800 square foot industrial building located in the Homewood neighborhood of Pittsburgh for the purpose accommodating creative start-up and nascent entrepreneurial business activity. The project was financed in part with new markets tax credits. Bridgeway Capital transforms 7800 Susquehanna Street (7800) into a beacon of economic opportunity for Homewood. Once a vacant warehouse built for Westinghouse Electric, the building is now an economic hub for urban manufacturing, craft businesses, and workforce training. The building reflects Bridgeway’s strategy to provide capital for the people and places creating economic opportunity and community revitalization in Homewood. Bridgeway invested over $10 million into the community including $7 million in 7800’s renovation, $2.4 million in contracts with Homewood businesses maintaining 7800, and $1.4 million in loans to Homewood businesses and other community development projects. 7800 emerges as vital investment in an underinvested area by attracting new commercial activity and supporting local businesses.

WCI Partners

WCI Partners in Harrisburg redevelops old, dilapidated buildings into vibrant commercial and residential hubs. In 2015, WCI Partners found a string of vacant, blighted properties in the 900 block of North Third Street, close to the Capitol and, at one time, a thriving section of the city. With a New Markets Tax Credit allocation from Community First Fund, WCI Partners redeveloped four buildings totaling 40,000 square feet and created 41 apartment units – 8 of which are affordable-rate – and commercial space for three business tenants. One of these tenants is [email protected], a small business incubator and the first open co-working space in Harrisburg. With 6,500 square feet of flexible space, [email protected] can accommodate 90 members and offers a variety of convenient amenities. This transformation has created a strong connection between the downtown and Midtown areas of the city, and like other WCI Partners projects, stands to have significant economic and social impact far beyond the neighborhood.

Platte Valley Distillers

Platte Valley Distillers (PVD) has a license to utilize a patented process for the production of feed cubes and pellets from distillers grain that stays compact with no binders/fillers, transports well, and has a shelf life of up to three years. This product not only removes distillers grain from the waste stream, but provides farmers and ranchers with a high-quality feed. In addition to manufacturing feed cubes and pellets directly, PVD will heavily focus on expanding the adoption of the technology at other licensed facilities though the manufacture and refurbishment of production equipment. Thanks to the flexible and affordable private capital provided through the New Market Tax Credit (NMTC) Program through CEI Capital Management LLC (CCML), PVD will be able to begin operations in Lexington, Nebraska, adding 12-14 full-time equivalent (FTE) jobs with strong benefits. PVD plans to work with a local workforce development organization to recruit employees. PVD will also support the next generation of ag-tech workers through the creation of a $50,000 scholarship fund, which will be available to students who commit to work as an employee for one year after the completion of their degree.

Stadler Rail

Stadler Rail will construct a new 226,000 square foot, 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”). The Project will allow the Sponsor to create quality jobs, an apprenticeship training program, develop infrastructure, and have a substantial economic impact on the severely distressed community. The initial phase began in 2018 with the construction of new roads, utilities, a test track, and a manufacturing plant and office building. Additional expansions will include the construction of a warehouse and assembly halls and welding and fabrication facilities to support the operations.

Abbeville Fiber Sawmill

After sitting vacant for more than a decade, the former WestPoint Stevens building in Abbeville is now buzzing with new life and 115 jobs after a $40 million transformation by Great Southern Wood.

Leprino Foods Company

Albtertsons – United Supermarkets, LLC: Business, government and civic leaders helped break ground Monday for a new Albertsons Market at 808 N. Canal in Carlsbad. The new construction will replace the existing location and is nearly 40 percent larger. The 59,000 square foot store will feature some amenities like fresh sushi, an outdoor patio and a full service Starbucks coffee shop.

American SprialWeld Pipe Co.

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.

Flex-N-Gate

Flex-N-Gate Group (“FNG”), owned by American entrepreneur, Shahid Khan, is constructing a new 494,000 sq. ft. advanced manufacturing facility in Detroit, Michigan (the “Project”). Minority-sponsored FNG is a global automotive component manufacturer that supplies original equipment vehicle manufacturers with critical systems, assemblies and components, including complex structural metal stampings, mechanical assemblies, advanced vehicle lighting systems and painted exterior and interior injection molded parts. The Project 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. The Project’s operations will include stamping, welding, injection molding and assembly. Training will encompass advanced manufacturing skills that include robotics, lift truck operation, tool and die, equipment repair, quality control, statistical process control, and various manufacturing safety certifications.