KemPosits Manufacturing Company

NMTC transaction brings the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc.

Investment

  • NMTC Amount: $20,147,929
  • Total Project Cost: $20,147,929

IMPACT

  • 150 FTE jobs
  • 101 construction jobs
  • 35,551 sq. ft. of real estate

Project Description

This project brought the KemPosits manufacturing company to the Mississippi Choctaw on-reservation TechParc. The transaction closed on July 3, 2012. KemPosits manufactures walk-in bathtubs ideally suited to retirement homes and communities. KemPosits uses a topline, semirobotic process and brings intellectual property and training to the Choctaw community.

This deal created 150 local jobs in the first few years of operation. Phyllis J. Anderson, Choctaw Tribal Chief, said this project is “an excellent example of how tribes can work together to further our common goal of building strong tribal economies.”

MAP

Address: 375 Industrial Road, Philadelphia, MS 39350

Other Mississippi Projects

Express Biodiesel built a new plant to produce up to 15 million gallons per year of biodiesel from locally sourced soybean oil and waste poultry processing oils.

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

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

The construction of the new hospital facility for the Singing River Hospital System.