New Markets Tax Credit Coalition

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Cascades fka Orchids Paper

NMTC funding helped solidify the construction of a new integrated production facility near Barnwell, SC, providing jobs to a community that lost more than 600 jobs.

Investment

  • NMTC Amount: $16,200,000
  • Total Project Cost: $18,681,508

IMPACT

  • 134 FTE jobs
  • 220 construction jobs
  • 150 Indirect Permanent Jobs resulting from economic activity

Investor

Project Description

Cascades fka/Orchids Paper Products Company; remains a leading provider of high-quality consumer tissue including paper towels, bathroom tissue and paper napkins. NMTC funding helped solidify the construction of a new integrated production facility near Barnwell, SC, providing jobs to a community that lost more than 600 jobs.

MAP

Address: 1321 Technology Drive, Barnwell, SC 29812

Census Tract: 45011970500

Other South Carolina Projects

Financing for Greenco Beverage Co. one of the largest beverage distributors in Upstate South Carolina.
Construction of a distribution facility for Allied Air, an HVAC equipment manufacturer in Orangeburg, SC.
Purchase of the former site of the Charleston Naval Exchange Building on Carner Avenue for the development of a multi-faceted agribusiness program.

To bring additional quality manufacturing jobs into Anderson County, the Innovate Fund supported the 150,000 sq. ft. expansion of an exisiting 168,000 sq. ft. manufactuirng, warehouse, and office facility for