New Markets Tax Credit Coalition

Search

Crosby Group Lebus Manufacturing

Forgings Manufacturing facility.

Investment

  • NMTC Amount: $27,920,000
  • Total Project Cost: $68,427,698

IMPACT

  • 50 FTE jobs

Investor

Project Description

The Crosby Group, which manufactures hooks, shackles and other parts for use in lifting and heavy rigging equipment, in March 2015 bought the former Dana Corp. plant at 2414 Crosby Way (formerly Dana Way) in the South Business Park and began production there seven months later, company officials said.

MAP

Address: 2414 Crosby Way, Gregg, TX 75602

Census Tract: 48183020604

Other Texas Projects

Financing for an expansion of Tarrant Area Food Bank.
Financing for a Business and Employment Center.

This investment will finance the construction of a new 32,920 sq. ft. hospital facility in the rural community of Clarksville, Texas. The hospital will focus on cardiovascular and surgical procedures

NMTC financing was used to purchase and install new equipment for use in the expansion of a food manufacturing facility.