Fred Netterville Lumber

Woodville,
MS
(2020)

Fred Netterville Lumber

Business Development, Manufacturing, Rural

Netterville’s mill was damaged extensively by fire and was seeking capital to restore capacity and rebuild more efficiently, reducing energy usage by 45%.

Investment

NMTC Amount: $6,000,000
Total Project Cost: $22,061,095

IMPACT

70 FTE jobs

CDEs

AMCREF Community Capital

Investor

US Bank

Project Description

Netterville Lumber is a family owned and operated hardwood lumber mill founded in 1968 and is the largest employer for this rural Persistent Poverty County. Netterville’s mill was damaged extensively by fire and was seeking capital to restore capacity and rebuild more efficiently, reducing energy usage by 45%.

MAP

Address: 3975 Buffalo Road, Woodville, MS 39669

Census Tract: 28157950100

Other Mississippi Projects

Fab-Tek

Hazlehurst,
MS
(2023)

Manufacturing

CDE(s): Southern Community Capital

Fab-Tek of Central Mississippi, Inc., is a locally owned, light manufacturing business specializing in fabricating metal, polymers and plastics. The company produces and retools light manufacturing equipment and components for

Ocean Aero Inc.

Gulfport,
MS
(2023)

Tech

CDE(s): Advantage Capital, Community Development Venture Capital Alliance

Ocean Aero, Inc. (“OA”) is an award-winning autonomous ocean drone platform. The key markets include defense and security (intelligence, surveillance, and data), science and research (oceanography and meteorology data collection),

Choctaw Community Facilities

Walnut Grove,
MS
(2020)

Community, Daycare and Early Childhood, Rural, Schools, Targeted Populations, Youth and Families

CDE(s): Dakotas America

The Mississippi Band of Choctaw Indians used the NMTC to support its new early childhood education centers and an elementary school expansion.

Image Industries

Clarksdale,
MS
(2021)

Manufacturing

CDE(s): AMCREF Community Capital

In October 2021, AMCREF Community Capital provided $7.5 million of NMTC financing to Image Industries, Inc.