Coastwide Electric Inc.

Amelia,
LA
(2021)

Coastwide Electric Inc.

Retail

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

Advantage Capital

Investor

US Bank

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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Coastwide Electric Inc.

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(2021)

Retail

CDE(s): Advantage Capital