Through the New Markets Tax Credit Program, MetaFund assisted ASCO Aerospace with the purchase, renovation and re-opening of the failed and shuttered MerCruiser facility in Stillwater, Oklahoma. From this new facility, ASCO is manufacturing components for use in various aircrafts.
The state of the art lean manufacturing facility currently manufactures wing and fuselage components of the 737, 777 and 787 Boeing airplanes.
Westervelt Pellets
The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.