New Markets Tax Credit Coalition

Search
  • 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

Missing information? Submit an update or correction.

Other Illinois Projects

Centers for New Horizons
  • Chicago,
  • IL
  • (2017)
  • CDE(s): IFF
NMTC financing from IFF helped the Centers for New Horizons rehabilitate their day care facility.
Learn more..
Easter Seals
  • Chicago,
  • IL
  • (2011)
  • CDE(s): Business Valued Advisor Fund, Cinnaire New Markets, Stonehenge Community Development
The new construction of a two-story 26,378 sq. ft. fitness, wellness and recreation center for Easterseals Academy, a school for children with autism spectrum disorders, emotional disabilities and developmental delays.
Learn more..
Kay Manufacturing Co
  • Calumet City,
  • IL
  • (2014)
  • CDE(s): Advantage Capital, Enterprise Financial CDE
Financing for a precision machining company that produces a diverse range of steel forgings for drive train components.
Learn more..
Midway Center, Jones Center
  • Chicago,
  • IL
  • (2021)
  • CDE(s): Chase, Urban Development Fund (Aries Capital)

Social service provider for low-income families. Project supports the major renovations and program expansion at two MFS facilities. Major upgrades and 5,000 sq. ft. expansion to create a modern 18,600

Learn more..