Enhanced Community Development, Ecotrust CDE, Capital One Community Renewal Fund, and National Community Investment Fund provided a total of $20 million in NMTC financing to food manufacturer, Fry Foods (“Fry”), for the acquisition, rehabilitation and operation of a shuttered onion-processing facility in Ontario, Oregon. Ontario is sometimes called the “Onion Capital of the World”; but […]
In December of 2016, the Brattleboro Commonwealth Dairy plant announced another facility expansion project. The $20 million expansion is supported by more than $2 million in state and local funding and incentives. Commonwealth is pledging to create 50 more high paying jobs in Vermont and to significantly expand its manufacturing operations. This expansion includes over […]
Dallas Development Fund provided $8 million in NMTC allocation to Pioneer Frozen Foods in June 2016 to support a new, state-of-the-art food manufacturing facility. Located in the International Inland Port of Dallas (IIPOD) in Southern Dallas, the project converts the vacant, 134,000 square foot Dallas Morning News printing facility into a manufacturing facility specializing in […]
Financing for construction of a manufacturing facility for America’s Beverage Company.
NMTC financing allowed a grain processing co-op to purchase another operation and expand its services.
The Olympia Foods Project involved the renovation of a vacant 125,000-square-foot industrial facility previously used by a food manufacturer that halted operations in 2012 and laid off all 200 full-time employees. The new facility was brought up to Olympia Foods’s operating standards and outfitted for the production of pita and gyro products. SCORE NMTCs supported […]
A Small Business Fund loan to a small ice cream distributor, which enabled him to purchase the office/warehouse space that he was leasing.