EC Pigments USA

New Markets Tax Credit Coalition

Fall River,
MA
(2008)

EC Pigments USA

Business Development, Manufacturing

Instead of fading from the Massachusetts economy, EC Pigments USA, Inc. of Fall River used a financing package to keep its business in in Fall River.

Investment

NMTC Amount: $625,000
Total Project Cost: $3,000,000

IMPACT

8 FTE jobs

CDEs

MassDevelopment

Investor

Unknown

Project Description

Instead of fading from the Massachusetts economy, EC Pigments USA, Inc. of Fall River used a financing package from MassDevelopment and the Fall River Office of Economic Development (FROED) to keep its business in state. This supplier of organic pigments preserved 47 local jobs, and created 20 new ones. The financing package included a $625,000 New Markets Fund loan from MassDevelopment a $150,000 co-loan from lending partner FROED, and a $750,000 equipment loan from MassDevelopment. Now the company’s future has never looked brighter.

MAP

Address: 749 Quequechan Street, Fall River, MA 2721

Census Tract: 25005640800

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