Auburn Research Park

Auburn,
AL
(2019)

Auburn Research Park

Adult Education, Business Development, College or Vocational Training, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Research, Youth and Families

NMTC equity helped fund the construction of a 105,000-sq. ft. office building at Auburn University in Alabama.

Investment

NMTC Amount: $6,800,000
Total Project Cost: $44,626,106

IMPACT

101 FTE jobs
125 construction jobs
There will be a special focus on training for starting new businesses, entrepreneurship and small business development. The project and its tenants will work with community-based organizations to place low-income persons with jobs.
105,000 sq. ft. of real estate

CDEs

Truist, United Bank of Alabama

Investor

Truist

Project Description

NMTC equity helped fund the construction of a 105,000 sq. ft. office building at Auburn University in Alabama. SunTrust Community Capital invested $3.2 million in NMTC equity in the property, which is called the Research and Innovation Center in the Auburn Research Park. UB Community Development allocated NMTCs to the development, which opened the third quarter of 2020 and generated 125 temporary full-time construction jobs and 101 permanent full-time jobs.

MAP

Address: 570 Devall Dr #101, Auburn, AL 36832

Census Tract: 1081040700

PDF Profile

Other Alabama Projects

Dadeville Pole Company

Dadeville,
AL
(2022)

Manufacturing

CDE(s): PB Community Impact Fund

UB Community Development, LLC (UBCD), a community development partner of United Bank, provided $7.5 million in New Markets Tax Credit funds for Dadeville Pole Company, LLC (DPC) to construct a

Abbeville Fiber Sawmill

Abbeyville,
AL
(2018)

Manufacturing, Timber and Agriculture

CDE(s): Truist, United Bank of Alabama, United Fund Advisors

After sitting vacant for more than a decade, the former WestPoint Stevens building in Abbeville is now buzzing with new life and 115 jobs after a $40 million transformation by

Nextec

Birmingham,
AL
(2022)

Historic Rehabilitation, Incubator

CDE(s): Dudley Ventures, United Bank of Alabama

Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.

Monroe County Hospital Expansion

Monroeville,
AL
(2017)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): National Community Investment Fund

The construction for this project includes a new oncology department and renovations to the emergency department.