Action Compaction Services

New Markets Tax Credit Coalition

Phoenix,
AZ
(2005)

Action Compaction Services

Community, Manufacturing, Waste Management

Action Compaction Services Inc. used $1M in NMTC financing for the acquisition and renovation of three buildings totaling 24,564 sq. ft. including 3.2 acres of land in late 2005.

Investment

NMTC Amount: $1,000,000
Total Project Cost: $1,250,000

IMPACT

4 FTE jobs
11 construction jobs
24,564 sq. ft. of real estate

CDEs

Phoenix Community Development and Investment Corporation

Investor

M & I Development Corp., Mutual of Omaha Bank

Project Description

Action Compaction Services Inc. (ACS) used $1 million in NMTC financing for the acquisition and renovation of three buildings totaling 24,564 sq. ft., including 3.2 acres of land in late 2005.

ACS provides service and manufacturing operations within the waste management industry. As they have been in service since 2001, this NMTC financing will allow ACS to expand its services, operate more efficiently, and boost capacity. ACS has an opportunity to generate wealth-building for the company by owning the property and three-building facility instead of leasing space.

Located in a heavy industrial area, the three free-standing buildings were constructed during the mid –1970s through the 1990s. After undergoing renovations, the buildings will cover office, manufacturing, and product reconditioning uses.

MAP

Address: 4020 South 15th Avenue, Phoenix, AZ 85041

Census Tract: 4013114800

PDF Profile

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