New Markets Tax Credit Coalition

  • Coushatta,
  • LA
  • (2014)

Almond Bros Lumber Co

District: Mike Johnson (R-LA04)

Financing for a sawmill in Coushatta, Louisiana.

Investment

  • NMTC Amount: $12,489,300
  • Total Project Cost: $12,489,300

IMPACT

  • 100 FTE jobs
  • 15 jobs created, 85 retained

CDEs

Investor

Project Description

Finances inventory and equipment for a 5th generation lumber mill that was heavily damaged by the February 2021 ice storm that impacted the southern United States. This working capital funding was expected to help create 15 new permanent jobs and help retain 85 current jobs in this severely distressed census tract.

MAP

Address: 403 Ringgold Avenue, Coushatta, LA 71019

Census Tract: 22081960300

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