In September 2014, CDF provided $13 million in New Markets Tax Credit financing to Method, the world’s largest producer of environmentally-friendly cleaning products. CDF financing supported construction, equipment acquisition, and working capital expenditures associated with the development of the 150,000-square-foot manufacturing facility located at 720 E. 111th Street in the Pullman neighborhood. The facility, Method’s first in North America, houses both a third-party bottle supplier and a rooftop greenhouse operator, in addition to Method’s blending, filling, and packaging operations.
Westervelt Pellets
The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.