Chase helped Peckham Vocational Industries (Peckham) create job opportunities and spur economic growth in Lansing, Mich. The non-profit Peckham provides job training and employment to persons with disabilities and/or other socio-economic barriers to employment. Through the use of New Markets Tax Credits, Chase provided a $16 million loan with a below-market interest rate for a 191,000-square-foot addition to one of Peckham’s existing facilities. The new warehouse space allows for consolidation of operations from their existing light manufacturing facilities, a state of the art production facility, and room to grow the staff from 700 people to 900 by 2016.
Westervelt Pellets
The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.
