Modern Distributors - New Markets Tax Credit Coalition

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Cong. Districts

2023 Annual Report

Somerset, KY (2020)

Modern Distributors

Business Development, Manufacturing, Rural, Warehouse and Wholesale

District:

Financing to help a multifaceted food service provider expand.

Investment

NMTC Amount: $8,289,473
Total Project Cost: $13,754,018

IMPACT

254 FTE jobs
83 construction jobs
Part of local initaitve creating jobs for inmates

CDEs

Community Ventures, Valued Advisor Fund

Investor

Project Description

Modern Distributors is a multifaceted food service provider to C-Stores and vending machines. This project was for an expansion.

MAP

Address: 385 Valley Oak Drive, Somerset, KY 42503

Census Tract: 21199930200

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