Modern Mill, Inc.

New investment will fuel Modern Mill’s rapid growth, helping it to expand its zero-waste production capacity and nearly triple its current employee base.

Investment

  • NMTC Amount: $4,959,718
  • Total Project Cost: $25,993,052

IMPACT

  • 141 FTE jobs

Investor

Project Description

Modern Mil is a manufacturer of a sustainable, wood alternative product. This project provided the Company with working capital. This working capital will help to support Modern Mill’s growth and to expand its production capacity.

MAP

Address: 1140 Frank Oakes Road, McComb, MS 39648

Census Tract: 28113950500

Other Mississippi Projects

This is a major investment in the healthcare of a severely distressed rural area in Carthage, Mississippi.

PB Community Impact Fund provided a $3.6 million New Market Tax Credit enhanced loan to Consolidated Catfish Producers to refinance high-interest debt that was burdening its operations. Consolidated Catfish Producers

PB Community Impact Fund provided $8,000,000 of federal New Market Tax Credit allocation to Forrest County General Hospital to finance the construction of the Pinegrove Behavioral Health Center (Pine Grove).

NMTC financing supported a construction loan for the rehabilitation of historic hotel in Clarksdale, MS, run by an artist co-op.