New Markets Tax Credit Coalition

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DOT Foods

NMTCs helped Dot Foods revitalize a rural community that lost more than 3,000 manufacturing jobs between 2010-2013.

Investment

  • NMTC Amount: $25,169,596
  • Total Project Cost: $28,484,455

IMPACT

  • 380 FTE jobs
  • 175 construction jobs
  • 270 Indirect Jobs Created
  • 167,000 sq. ft. of real estate

Investor

Project Description

NMTCs helped Dot Foods revitalize a rural community that lost more than 3,000 manufacturing jobs between 2010-2013. A new 167,000 sq. ft. warehouse distribution center and truck fleet garage was constructed to streamline operations, creating a logistics hub for the southern states of AL, AR, FL, KY, LA, MS and TN. While providing much needed quality jobs, this operation spurred economic revitalization in the region while enabling the expansion of new local businesses to the community. A matching funds grant of $114,000 was given to the local Tennessee College of Applied Technology to establish a new truck driving certification program; graduates are guaranteed a starting salary of at least $55,000/year.

MAP

Address: 3200 Burks Place, Dyersburg, TN 38024

Census Tract: 47045964300

Other Tennessee Projects

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.
Financing for Stony Creek to expand, own and operate a manufacturing facility in Springfield, TN to produce unique plant-based natural dyes.
Renovate and equip an approximately 81,000 sq. ft. manufacturing an expanded line of fishing and pleasure boats, boat trailers, wiring harnesses and other boat related products.
Funds for the construction of the facility, equipment purchase, as well as providing working capital to cover the business's intial opening expenses.