Petoskey Plastics

New Markets Tax Credit Coalition

McKinney,
TX
(2021)

Petoskey Plastics

Manufacturing, Plastics and Chemicals

Acquisition, renovation and equipping of an environmentally focused plastics extrusion facility in McKinney, TX.

Investment

NMTC Amount: $20,000,000
Total Project Cost: $33,236,337

IMPACT

154 FTE jobs
50 construction jobs
Creation of 100% Quality Jobs and 100% Accessible Jobs; Estimated 10% of construction jobs going to minority owned firms.
100,000 sq. ft. of real estate

CDEs

AMCREF Community Capital, PNC, Texas Mezzanine Fund

Investor

PNC

Project Description

Acquisition, renovation and equipping of an environmentally focused plastics extrusion facility in McKinney, TX. The new facility will add 100,000 sq. ft. of production space and three new production lines which will allow Petoskey to increase its output by approximately 15% over the next 12 months. The new facility will create 75 temporary construction jobs and over 150 new manufacturing jobs which will be 100% accessible to low-income candidates.

MAP

Address: 2050 Couch Drive, McKinney, TX 75069

Census Tract: 48085030900

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