Mannington Mills 2 – Rigid Core

calhoun, GA (2019)

The NMTC financed equipment purchase for a flooring manufacturer to bring a line of business onshore that is currently 100% imported from China.

COMMUNITY IMPACT
  • 240 FTE jobs
  • 47 construction jobs
FINANCING SOURCES
  • NMTC Amount: $26,275,619
  • Total Project Cost: $29,318,789
  • CDE(s): Local Initiatives Support Corporation, MuniStrategies, River Gorge Capital
PROJECT LOCATION

115 old belwood road se

calhoun, GA 30701

District:

Project Description

Summary: The NMTC financed equipment purchase for a flooring manufacturer to bring a line of business onshore that is currently 100% imported from China. Mannington Mills, Inc. is a fifth-generation family-owned flooring manufacturing company that specializes in luxury vinyl products. Mannington seeks to expand a prototype production facility for its Rigid Core line of business in rural Georgia, creating US-based jobs and expanding manufacturing capabilities that would otherwise remain in China. NMTC QLICIs were used to subsidize the cost to construct a new facility to house the Rigid Core project and acquire and install equipment for Rigid Core production lines.

  • Business Development| Manufacturing| Rural

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