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

ERMCO is headquartered in Dyersburg, TN and is a wholly owned subsidiary of Arkansas Electric Cooperatives, Inc in Little Rock, AR. ERMCO is using NMTCs to equip and expand production

In December 2021, AMCREF Community Capital provided $9 million of NMTC financing to Southern Champion Tray, a 94-year-old sustainable paperboard packaging converter specializing primarily in food packaging for the grocery,
Finances working capital and expansion plans for Loving Arms, LLC, a business with locations in Jackson and Memphis, providing home healthcare services to seniors and individuals with intellectual and development
A public-private partnership improves education in Jackson, TN.