Custom Foods of America, Inc.

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

Williams Sausage

Union City,
TN
(2017)

Business Development, Manufacturing, Retail, Rural

CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund

Financing for the equipping of a manufacturing production facility, cold and dry storage, disbution center, truck maintenance hsop and new corporate offices.

NYX Manufacturing Facility

Linden,
TN
(2023)

Manufacturing

CDE(s): Pathway Lending, Southern Community Capital, Waveland Community Development

NYX Linden, LLC, an automotive parts and components manufacturer, designs and manufactures vehicle components such as door panels, center consoles, grab handles and more. NYX is looking to construct a

Quimby Plaza

Memphis,
TN
(2008)

Affordable Housing, Community, Healthcare, Housing, Mixed-use

CDE(s): MBS Urban Initiatives

A new mixed-use building at the southeastern boundary of the Legends Park HOPE VI Revitalization Plan area in Memphis, TN.

Fisk Univeristy

Nashville,
TN
(2023)

Manufacturing

CDE(s): Hope Enterprise

The renovation of the John Hope and Aurelia Franklin Library, the Driscoll House, the Boyd House, and new construction for the Roland Parrish Career Center.