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.