New Markets Tax Credit Coalition

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  • Amelia,
  • LA
  • (2021)

Coastwide Electric Inc.

District: Clay Higgins (R-LA03)

Investment

  • NMTC Amount: $4,200,000
  • Total Project Cost: $4,350,000

IMPACT

  • 90 FTE jobs
  • Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

Investor

Project Description

Coastwide Electric is a marine electrical contractor. The Company provides electrical systems installation on new vessels as well as repairs and maintenance on existing vessels. This project provided the Company with funds for inventory purchases, debt refinance, and working capital.

MAP

Address: 1331 Lake Palourde Road, Amelia, LA 70340

Census Tract: 22101040100

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