Custom Foods of America, Inc.

New Markets Tax Credit Coalition

Knoxville,
TN
(2023)

Custom Foods of America, Inc.

Manufacturing

Investment

NMTC Amount: $44,000,000
Total Project Cost: $56,464,935

IMPACT

463 FTE jobs
113 construction jobs
231 jobs created and 232 jobs retained.
191,000 sq. ft. of real estate

CDEs

CCG Community Partners, Mid-City Community CDE, National New Markets Fund, TruFund, Truist

Investor

Truist

Project Description

NMTC allocation helped Custom Foods of America (CFA) finance a 50% expansion of their 350K sq. ft. Knoxville, TN production campus. CFA manufactures soups and sauces for chain restaurants and convenience stores. The project will allow CFA to grow revenues by 20%, supporting a projected 231 new jobs, retention of 232 jobs, and 113 construction jobs. 80% of permenant jobs will be targeted and accessible to low-income persons.

MAP

Address: 3600 Pleasant Ridge Road, Knoxville, TN 37921

Census Tract: 47093002800

Other Tennessee Projects

Dot Manchester 2022

Manchester,
TN
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CDE(s): Capital One, Mascoma Community Development, MuniStrategies

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