New Markets Tax Credit Coalition

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  • Martinsville,
  • IL
  • (2021)

Pap-R Products Company, Evergreen Manufacturing, Inc., and ColorKraft Roll Products, Inc.

District: Mike Bost (R-IL12)

Investment

  • NMTC Amount: $3,900,000
  • Total Project Cost: $3,900,000

IMPACT

  • 99 FTE jobs
  • Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

,

Investor

Project Description

The three combined QALICBs are producers of various paper products used in the restaurant and banking industries. This project provided the Companies with funds to refinance existing debt and with working capital. These funds will assist the Companies to manage ongoing supply chain issues.

MAP

Address: 1 Harry Glynn Drive, Martinsville, IL 62442

Census Tract: 17023060400

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