New Markets Tax Credit Coalition

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Locker’s Manufacturing, LLC

A specialized equipment manufacturer grew its footprint and added jobs in Batesville, MS

Investment

  • NMTC Amount: $3,700,000
  • Total Project Cost: $4,058,000

IMPACT

  • 57 FTE jobs
  • 17 jobs created and 40 jobs retained
  • 17,000 sq. ft. of real estate

Project Description

Locker’s Manufacturing is a manufacturer, distributor, and seller of lockers and locker components.The funds from this project will support the construction costs associated with the expansion of the company’s leased facility, fund equipment purchases, and refinance existing debt.Locker’s Manufacturing’s continued expansion in Batesville, MS is helping to revitalize a community that has lost two major employers in the last ten years.

Lockers Manufacturing held a groundbreaking ceremony for its 15,000 sq. ft. expansion in Batesville.

MAP

Address: 209 Pearson Street, Batesville, MS 38606

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PB Community Impact Fund provided $8,000,000 of federal New Market Tax Credit allocation to Forrest County General Hospital to finance the construction of the Pinegrove Behavioral Health Center (Pine Grove).

The renovation and expansion of the Montfort Jones Memorial Hospital which provides critical healthcare services to an extremely rural, medically underserved population in Mississippi.
NMTC loans were used to finance the acquisition and rehabilitation of a retail shopping center anchored by a Rouse’s Grocery Store in Picayune, MS.