ERMCO (Electric Research Manufacturing Cooperative)

Dyersburg,
TN
(2024)

ERMCO (Electric Research Manufacturing Cooperative)

Manufacturing

A specialized equipment manufacturer grew its footprint and added jobs in Dyersburg, TN

Investment

NMTC Amount: $54,100,000
Total Project Cost: $150,000,000

IMPACT

380 FTE jobs
45 construction jobs
300 jobs created and 80 jobs retained
660,000 sq. ft. of real estate

CDEs

Cadence Community Capital, Grow American, MuniStrategies, Pathway Lending, Rural Development Partners

Investor

Valley National Bank

Project Description

ERMCO implemented a three-phase transformer plant expansion and equipment upgrade at its Dyersburg, TN location.This project represents Phase 3, entailing the purchase and installation of equipment, and provision of essential working capital to expedite component manufacturing for critical infrastructure upgrades vital to the nation’s electrical grid.These upgrades will provide operational efficiencies that enable quick response to major power outages and optimize the Clean Energy and Electric Transmission Industries.

MAP

Address: 2030 Sylvan Road, Dyersburg, TN 38024

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