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.