New Markets Tax Credit Coalition

High Time Acquisitions, LLC

A major investment project is driving industrial growth and employment in Clarksdale, MS

Investment

  • NMTC Amount: $500,000
  • Total Project Cost: $500,000

IMPACT

  • 13 FTE jobs
  • 4 jobs created and 9 jobs retained

Project Description

High Time is a holdco for two haircare brands, Bump Stopper and Eden Body Works.Bump Stopper is a men’s aftershave product and Eden Body Works sells hair products for African American women, avoiding harsh chemical and promoting natural hairstyles.This project provided High Time with the funds needed to provide for the company’s working capital needs.

MAP

Address: 870 South State Street, Clarksdale, MS 38614

Other Mississippi Projects

Ashley Furniture Industries, a home furnishing manufacturer and retailer, expanded its production capabilities by repurposing an abandoned building into a state-of-the-art facility that pours foam and included a storage warehouse
The renovation and expansion of the Montfort Jones Memorial Hospital which provides critical healthcare services to an extremely rural, medically underserved population in Mississippi.

PB Community Impact Fund provided $8 million of New Markets Tax Credit (NMTC) allocation to Rouse’s Enterprises, LLC (Rouse’s) to finance the acquisition and rehabilitation of a retail shopping center

The acquisition of machinery and equipment to be used in the nearly 1,000,0000 square foot tire manufacturing facility, which is located in rural West Point, MS.