Saint Joseph, TN (2018)

Novus Advanced Manufacturing

Financing for a technology manufacturer.


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


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


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. Novus and Stonehenge also partnered with BWC Consulting, a seasoned, minorityowned and minority-led economic development finance consulting firm, to secure New Markets Tax Credit funding and close on the transaction.


Address: 747 American Boulevard, Saint Joseph, TN 38481

Census Tract: 47099960600

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