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  • Flomaton,
  • AL
  • (2020)
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Escambia Peanut

District: Barry Moore (R-AL01)

A Flomaton-based peanut warehousing facility received $11.6 million in NMTC funds to consolidate ownership among its family farmer members.

Investment

  • NMTC Amount: $11,500,000
  • Total Project Cost: $11,662,084

IMPACT

  • 126 FTE jobs
  • 109,000 sq. ft. of real estate

CDEs

Investor

Project Description

A Flomaton-based peanut warehousing facility received $11.6 million in New Markets Tax Credit funds to consolidate ownership among its family farmer members. Escambia Peanut Co. LLC is a 109,000 sq. ft. peanut buying point that utilizes cleaners, dryers, storage sheds and handling equipment to clean and store peanuts prior to shipment to the peanut shelling plant. The Flomaton plant now delivers their peanuts to the new Atmore shelling plant project, Coastal Growers LLC, also a farmer owned facility utilizing New Markets Tax Credits for its financing.

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MAP

Address: 880 Old Sardine Rd, Flomaton, AL 36441

Census Tract: 1053970300

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News Stories

Escambia Peanut Receives 116M in New Markets Tax Credit Allocation

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