New Markets Tax Credit Coalition

  • Dyersburg,
  • TN
  • (2021)

ERMCO

District: David Kustoff (R-TN08)

Investment

  • NMTC Amount: $48,250,000
  • Total Project Cost: $72,500,000

IMPACT

  • 125 FTE jobs
  • 75 construction jobs
  • 220,000 sq. ft. of real estate

CDEs

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Investor

Project Description

ERMCO is headquartered in Dyersburg, TN and is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc in Little Rock, AR. ERMCO is using NMTCs to equip and expand production facilities to produce electrical transformers and components in rural Dyer County, TN.

The project will create 75 construction jobs and 125 full-time permanent new jobs at rates well above the area living wage, with full benefits, 75 of which are projected to be available to low-income people.

External Profile

MAP

Address: 2225 Industrial Road, Dyersburg, TN 38024

Census Tract: 47045964300

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