New Markets Tax Credit Coalition

Advanced Industrial Group 2

Investment

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

IMPACT

  • 100 FTE jobs
  • The average wage of jobs retained and created exceed 1.2X the living wage in the region.

Investor

Project Description

Advanced Industrial Group is a manufacturer of HVAC equipment. The project provided the Company with funds for business acquisition and working capital. This business acquisition will allow the Company to offer a more complete set of services.

MAP

Address: 4183 Mike Padgett Highway, Augusta, GA 30906

Census Tract: 13245010706

Other Georgia Projects

The acquisition and retrofitting of a former coal fired power plant which had closed 10 years ago.
An Alabama company built two wood biomass plants in Northeast Georgia.
A new Habitat for Humanity headquarters now serves the South Fulton Community, along with infrastructure development for new mixed-income community of Browns Mill Village.
The Local Initiatives Support Corporation, in partnership with Chase, provided $14.25 million in NMTCs to Southeast Georgia Health System’s Community Care Center.