Featured:

Alco Products

Detroit, MI (2016)

COMMUNITY IMPACT
FINANCING SOURCES
PROJECT LOCATION

Project Description

The PrivateBank, through its subsidiary, Midwest Industrial Redevelopment Fund, announced it provided $2.5 million in financing to Alco Products, LLC, in Detroit to increase production capacity and create new living-wage jobs.Alco Products received low-cost financing through The PrivateBank’s participation in the New Markets Tax Credit program. Alco Products produces waterproofing and roofing products for residential and commercial applications. Alco’s 100,000-square foot facility is in a distressed area of Detroit, where the poverty rate in the neighborhood exceeds 38 percent. Alco Products is committed to providing important job opportunities for area residents and expects to create nine new full-time jobs as a result of the expansion.

Business Development

Manufacturing

Other Manufacturing Projects

2022

Holland, MI

Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13…
2021

West Monroe, LA

A $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies….