McMinnville Hampton Inn

McMinnville,
TN
(2020)

McMinnville Hampton Inn

Business Development, Retail, Rural

Development of a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN.

Investment

NMTC Amount: $5,000,000
Total Project Cost: $9,362,000

IMPACT

26 FTE jobs
46 construction jobs
20,000 sq. ft. of real estate

CDEs

Enhanced Capital, River Gorge Capital

Investor

US Bank

Project Description

Enhanced partnered with Hunt Properties GP, a local, developer, to develop a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN. To help support the rural community, Enhanced Capital provided financing for the project through a $5 million federal NMTC allocation.

MAP

Address: 1560 Sparta Road, McMinnville, TN 37110

Census Tract: 47177930600

Other Tennessee Projects

Valor College Prep

Nashville,
TN
(2017)

Schools

CDE(s): Self-Help

Construction of the new high school facility will create 750 new student seats in the South Nashville.

All American Enterprises

Altamont,
TN
(2016)

Business Development, Manufacturing, Rural

CDE(s): Appalachian Fund for Growth

The Appalachian Fund for Growth provided NMTC financing to support All American Enterprises, a millwork manufacturer in Altmont, TN. The company does custom millwork, countertops, and cabinetry.

Nashville Rescue Mission

Nashville,
TN
(2023)

Shelters and Community Food

CDE(s): Pathway Lending, PNC

For over 68 years, Nashville Rescue Mission has provided thousands of women, men, and children with meals, a safe place to stay, and life-changing programs that help with various issues

Custom Foods of America, Inc.

Knoxville,
TN
(2023)

Manufacturing

CDE(s): CCG Community Partners, Mid-City Community CDE, National New Markets Fund, TruFund, Truist

NMTC allocation helped Custom Foods of America (CFA) finance a 50% expansion of their 350K sq. ft. Knoxville, TN production campus. CFA manufactures soups and sauces for chain restaurants and