Novus Advanced Manufacturing

Financing for a technology manufacturer.

Investment

  • NMTC Amount: $10,500,000
  • Total Project Cost: $18,500,000

IMPACT

  • 100 FTE jobs
  • 42 construction jobs
  • 47,700 sq. ft. of real estate

Investor

Project Description

Financing for a technology manufacturer. The investment from Stonehenge enables Novus, headquartered in Jackson, Tennessee, to expand with a new facility in St. Joseph. The company uses the capital to acquire an 18,000 sq. ft. manufacturing plant with an additional 40,000-square-feet planned to be added in the future.

MAP

Address: 747 American Boulevard, Saint Joseph, TN 38481

Census Tract: 47099960600

PDF Profile

Other Tennessee Projects

Development of a 188,740 sq. ft. facility for sale, service, training and parts distribution for diesel trucks.
A new facility in Waverly, TN is helping train local workers for stable careers in manufacturing
A new mixed-use building at the southeastern boundary of the Legends Park HOPE VI Revitalization Plan area in Memphis, TN.

Lions’ mission is to assist visually impaired individuals in achieving personal and economic “independence through employment.” Its program hinges around therapeutic value of work. Its state-of-the- art manufacturing facilities provide