Charter Manufacturing Company, Inc.

New Markets Tax Credit Coalition

Cleveland,
OH
(2017)

Charter Manufacturing Company, Inc.

Manufacturing

Acquisition of equipment and machinery for an owner-occupied steel and iron manufacturing company.

Investment

NMTC Amount: $31,020,000
Total Project Cost: $153,082,667

IMPACT

548 FTE jobs

CDEs

Chase, Cleveland Development Advisors, Finance Fund, Northeast Ohio Development Fund

Investor

Chase

Project Description

Charter Steel, a division of Charter Manufacturing, is a leading American supplier and manufacturer of carbon and alloy steel bar, rod and wire products. The project will expand its Cuyahoga Heights wire rod production facility, helping the company to stay competitive in the U.S. steel industry. Specifically, the project will invest in the “Cut-to-Length” bar market to further diversify its business.

MAP

Address: 4300 East 49th Street, Cleveland, OH 44125

Census Tract: 39035196100

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