The UB Community Development LLC (UBCD) community development subsidiary of Altmore, Alabama-based United Bancorporation of Alabama (United Bank) will provide a $10 million Federal NMTC allocation to Ecore International Inc. Lancaster, Pennsylvania-based Ecore is repurposing and equipping a 225,000-sq. ft. manufacturing facility in Ozark, Alabama, to recycle end-of-life truck tires to make flooring and surfacing products from the reclaimed rubber.

Ecore International, Inc. is the largest converter of reclaimed tire rubber in North America. Central States provided NMTC to finance the rehabilitation and equipping of Ecore International, opening a new facility in Ozark, AL to better source, manufacture, and distribute their performance floor product.

The product is sourced by used truck tires from various collection points throughout the surrounding area. The tires recycled and converted into performance rubber flooring, load securement, underlayment, and base layer for various performance floors. The location is ideal for Ecore’s Southeastern consumer network, which will provide Ecore with an efficient distribution network with products being distributed in 10-16 truckloads daily to consumers at total capacity.

75 new jobs created with 100% of those earning a quality wage with great benefits for the employee and their family, including technical training programs and on-the-job training that allows employees to prepare for future advancement opportunities. Average weighted wage is $24.24/hour.