New Markets Tax Credit Coalition

MAC Trailer

MAC Trailer Enterprises Expands Manufacturing into Mt. Pleasant Facility

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $9,686,500

IMPACT

  • 60 FTE jobs
  • 37 jobs retained. Project creates both Quality and Accessible permanent jobs as well as jobs that are accessible to hard-to-employ populations. NMTC financing was instrumental in allowing MAC Trailer to elect to invest permanently in the rural economically distressed community of Mt. Pleasant, Michigan by buying their site rather than leasing the facility on a temporary basis.
  • 105,000 sq. ft. of real estate

Investor

Project Description

Acquisition without rehab and equipping of an existing 105,000SF manufacturing facility. The new space will result in 63,500 SF of additional space compared to its currently facility being leased, allowing MAC Enterprises to significantly increase production.The project is expected to retain 37 jobs and create an additional 60 full-time jobs, all payng a living wage. The company is prepared to hire people with no experience and provide multiple forms of training. Total capital investment is nearly $10 million.

MAP

Address: 1799 Gover Parkway, Mount Pleasant, MI 48858

Census Tract: 26073000701

Other Michigan Projects

Midwest Industrial Redevelopment Fund provided $500,000 in financing for E.C.
The purchase and rehabilitation of several parcels on Division Avenue in Grand Rapids.
An open air retail mall located on Eight Mile Road in Detroit, MI, this project constructed a major retail center remediating a 36-acre Brownfield site at the Southeast corner of
Construction and rehab of office and retail space into an innovative space designed to foster collaboration, inspiration, and results.