Highland Baking (2018), Spartanburg, SC

COMMUNITY IMPACT

Highland Baking Co. (HBC) currently has two production facilities, one located just outside of Chicago and one on Asheville Highway in Spartanburg, which opened in 2012 and quickly reached its production and employment capacities. The company currently employs 210 full-time workers in Spartanburg and operates two production lines for three shifts each day, maxing out its available cold storage space. The Innovate Fund’s investment will pay for an expansion of HBC’s cold storage space, allowing the company to continue its fast-paced growth by adding a third production line. This will produce 170 new direct jobs in a community with 47 percent poverty and 17.4 percent unemployment.

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The New Markets Tax Credit Coalition
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202-393-5225

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