New Markets Tax Credit Coalition

Search

ERMCO

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

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.

MAP

Address: 2225 Industrial Road, Dyersburg, TN 38024

Census Tract: 47045964300

Other Tennessee Projects

Financing for the construction of 18 affordable homes for Loudoun County Habitat for Humanity.

NYX Linden, LLC, an automotive parts and components manufacturer, designs and manufactures vehicle components such as door panels, center consoles, grab handles and more. NYX is looking to construct a

The renovation of the John Hope and Aurelia Franklin Library, the Driscoll House, the Boyd House, and new construction for the Roland Parrish Career Center.

Lions’ mission is to assist visually impaired individuals in achieving personal and economic “independence through employment.” Its program hinges around therapeutic value of work. Its state-of-the- art manufacturing facilities provide