Martinsville, VA (2015)

Monogram Snack

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant.

Investment

  • NMTC Amount: $30,340,000
  • Total Project Cost: $58,838,029

IMPACT

  • 400 FTE jobs
  • 100 construction jobs
  • 1,626 indirect jobs and $446.8 million in economic output generated region-wide
  • 56,000 sq. ft. of real estate

Investor

Project Description

NMTCs enabled Monogram Snacks to expand their facility in Martinsville, VA by 56,000 sq. ft. and renovate space in the original production plant. This facility serves as a distribution center and specializes in strategic co-packaging, private label and branded business with both owned and licensed brands. The expansion created jobs in a severely distressed low-income community that recently experienced significant industrial job loss.

MAP

Address: 200 Knauss Drive, Martinsville, VA 24112

Census Tract: 51089010300

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