New Markets Tax Credit Coalition

Search

Lions Volunteer Blind Industries

Investment

  • NMTC Amount: $13,000,000
  • Total Project Cost: $13,000,000

IMPACT

  • 224 FTE jobs
  • 7 construction jobs
  • 75 jobs created and 149 jobs retained.
  • 218,000 sq. ft. of real estate

Investor

Project Description

Lions’ mission is to assist visually impaired individuals in achieving personal and economic “independence through employment.” Its program hinges around therapeutic value of work. Its state-of-the- art manufacturing facilities provide employment opportunities to visually impaired individuals with a variety of skill levels, challenging workers with differing degrees of capabilities. The NMTC financing enabled the borrower to expand its operations into Middle Tennessee, which will result in hiring approximately 75 New FTEs. 100% of such FTEs will benefit from Quality Jobs and Living Wages. 100% of jobs will be accessibility to LIPs who are visually impaired. Lions operates Morristown and Chattanooga, TN manufacturing facilities.

MAP

Address: 758 West Morris Boulevard, Morristown, TN 37813

Other Tennessee Projects

Lauderdale Community Hospital constructed a new, state of the art facility to replace an obsolete hospital in rural Ripley, Tennessee.
On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in
Renovate and equip an approximately 81,000 sq. ft. manufacturing an expanded line of fishing and pleasure boats, boat trailers, wiring harnesses and other boat related products.

This project was for a 54,000 sq. ft. grocery store in Winchester, TN. Store includes a bakery/deli, a 500 sq. ft. pharmacy, Starbucks and a Bank. K-VA-T also purchased an