Novus Advanced Manufacturing

Project Type(s): Manufacturing

Project Year: 2018

CDE(s): Wells Fargo

NMTC amount: $10,500,000

Total Project Costs: $18,500,000

Financing for a technology manufacturer. The investment from Stonehenge will enable Novus, headquartered in Jackson, Tennessee, to expand with a new facility in St. Joseph. The company will use the capital to acquire an 18,000-square-foot 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.

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Project Map:

Address: 747 American Boulevard, Saint Joseph, TN