Consolidated Catfish Producers

Isola,
MS
(2022)

Consolidated Catfish Producers

Food Manufacturing

Investment

NMTC Amount: $3,150,000
Total Project Cost: $3,800,000

IMPACT

420 FTE jobs

CDEs

PB Community Impact Fund

Investor

Peoples Bank

PB Community Impact Fund provided a $3.6 million New Market Tax Credit enhanced loan to Consolidated Catfish Producers to refinance high-interest debt that was burdening its operations. Consolidated Catfish Producers in a Mississippi based company that was founded in 1967 and provides consumers with fresh quality fish products. Consolidated Catfish Producers in the largest employer in Humphreys County, MS as well as the surrounding rural counties. Humphreys County along with the surrounding counties are classified as persistent poverty counties by the USDA, meaning that they have had a poverty rate in excess of 20% for the past 30-years. The loan provided by PB Community Impact Fund enabled Consolidated Catfish Producers to expand its operations in Isola, MS by roughly 20%. As part of this expansion, Consolidated Catfish Producers is implementing programs designed to strategically improve the surrounding community college programs to attract higher paying local job applicants. Additionally, Consolidated Catfish Producers works with local halfway houses to provide recently released prison inmates with job opportunities to help them get back on their feet. Consolidated Catfish Producers also provides employees with a benefit package that includes medical insurance, pension benefit, life insurance, and disability insurance.

MAP

Address: 299 South Street, Isola, MS 38754

Census Tract: 28053950100

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