New Markets Tax Credit Coalition

Express Grain Terminals Greenwood

NMTCs financed the expansion of a soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement.

Investment

  • NMTC Amount: $18,637,200
  • Total Project Cost: $23,366,076

IMPACT

  • 129 FTE jobs
  • 60 construction jobs

Investor

Project Description

Express Grain Terminals, LLC is an agricultural product processor headquartered in Greenwood, Mississippi. NMTCs financed the expansion of their soybean processing facility, which includes additional equipment purchases and operating cash to support grain procurement. The purchase of additional equipment will increase production capacity – doubling the processing capacity to 20 million bushels of production per year. Post-expansion, Express Grains expects to meet 50% of the state’s processed soybean product demand.

MAP

Address: 2015 River Road Extension, Greenwood, MS 38930

Census Tract: 28083950700

Other Mississippi Projects

NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.

A new hotel was financed on Choctaw lands to create jobs and economic development after the devastation of Katrina.

Score board manufacturer: Capturion Network, LLC, a Laurel, MS-based company which sells, installs and services digital scoreboards for sports and entertainment venues nationwide, has received an undisclosed amount of financing

Mueller utilized NMTC proceeds in the second phase of its expansion and modernization of copper tube and line production at its Fulton, Mississippi facility.