Mannington Mills 2 – Rigid Core

calhoun,
GA
(2019)

Mannington Mills 2 – Rigid Core

Business Development, Manufacturing, Rural

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

Investment

NMTC Amount: $26,275,619
Total Project Cost: $29,318,789

IMPACT

240 FTE jobs
47 construction jobs
(1) 228 of 240 jobs will be filled by low-income persons or low-income community residents. (2) 100% of the 240 employees will be paid above living wage according to MIT's calculator.

CDEs

Local Initiatives Support Corporation, MuniStrategies, River Gorge Capital

Investor

US Bank

Project Description

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 sought 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 financing was 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.

MAP

Address: 115 old belwood road se, calhoun, GA 30701

Census Tract: 13129970600

Other Georgia Projects

Meredian Bioplastics

Bainbridge,
GA
(2012)

Business Development, Energy, Manufacturing, Plastics and Chemicals, Rural, Timber and Agriculture

CDE(s): AMCREF Community Capital, TruFund, United Fund Advisors

Manufacturer of environmentally friendly, biodegradable bioplastics relocates to a larger facility and brings significant investment into a low-income community in rural Georgia.

200 Peachtree City Center

Atlanta,
GA
(2010)

Business Development, Incubator, Mixed-use, Restaurants and Catering, Retail and Commercial

CDE(s): Atlanta Emerging Markets

The conversion of a historic Macy's building into a special event center; Includes restaurants, banquet hall, meeting rooms, business incubator.

Trees Atlanta

Atlanta,
GA
(2021)

Brownfield Remediation, Community

CDE(s): Atlanta Emerging Markets, Chase

Project advances environmental justice through urban tree restoration, is transforming an industrial brownfield site into a 22,000 sq. ft. headquarter facility adjacent to the Atlanta BeltLine trail.

American Peanut Growers Group, LLC

Donalsonville,
GA
(2021)

Timber and Agriculture

CDE(s): Carver State Bank, Midwest Renewable Capital, National New Markets Fund, United Bank of Alabama, United Fund Advisors

Formed in 2003, American Peanut Growers Group LLC is a farmer-owned cooperative shelling plant that returns the profit over the farmer stock price directly back to the growers through distributions,