New Markets Tax Credit Coalition

  • Magnolia,
  • AR
  • (2020)

LB Amfuel

District: Bruce Westerman (R-AR04)

Working capital to allow a company to expand and grow.

Investment

  • NMTC Amount: $1,730,000
  • Total Project Cost: $4,750,000

IMPACT

  • 331 FTE jobs

CDEs

Investor

Project Description

LB Amfuel is a fuel cell manufacturer. The project provided the Company with working capital and restructured existing debt to allow the Company more flexibility in their borrowing base.

MAP

Address: 601 Firestone Drive, Magnolia, AR 71753

Census Tract: 5027950400

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