Ec Pigments USA Fall River MA (2008)

Fall River, MA

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NMTC Amount: $625,000

Est. Total Project Cost: $3,000,000

COMMUNITY IMPACT

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.

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