New Markets Tax Credit Coalition

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Mount Zion Redevelopment

Adaptive re-use of a historic school building in Winnsboro, South Carolina.

Investment

  • NMTC Amount: $12,000,000
  • Total Project Cost: $12,681,878

IMPACT

  • 120 FTE jobs
  • 61 construction jobs
  • Rehabilitation of a vacant or under-utilized historic structure.

Investor

Project Description

Adaptive re-use of a historic school building in Winnsboro, South Carolina. Mount Zion Holdings, LLC will lease the site to Fairfield County Government, allowing them to upgrade their facilities and place all of their services in one location, as well as a daycare facility, event space/auditorium, and tourism services.

MAP

Address: 250 North Walnut Street, Winnsboro, SC 29180

Census Tract: 45039960400

Other South Carolina Projects

Financing for a third-generation, family-owned meat packing business in non-metropolitan Cherokee County.
Sarla Performance Fibers, based out of Mumbai, India, began the expansion of a new polyester yarn and thread manufacturing facility in rural South Carolina in early 2013.
The construction of a 47,000-sq.-ft. campus, including a 32,000-sq.-ft. office building and a 15,000-sq.-ft. high-speed metals recycling facility.
The construction of an 82,000 sq. ft. center featuring classrooms, student life/ learning space at an HBCU.