Monogram Snack

New Markets Tax Credit Coalition

Martinsville,
VA
(2015)

Monogram Snack

Business Development, Food Manufacturing, Manufacturing, Rural

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

CDEs

Greenline Ventures, Rural Development Partners

Investor

US Bank

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

PDF Profile

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