Escambia Peanut

New Markets Tax Credit Coalition

Flomaton,
AL
(2020)

Escambia Peanut

Business Development, Food Manufacturing, Manufacturing, Rural

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

United Bank of Alabama

Investor

Unknown

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.

MAP

Address: 880 Old Sardine Rd, Flomaton, AL 36441

Census Tract: 1053970300

PDF Profile

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