Petoskey Plastics

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

Other Texas Projects

Multi-Assistance Center at Morgan’s Wonderland

San Antonio,
TX
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Dental Services, FQHCs, Healthcare, Mixed-use, Nonprofit Hub

CDE(s): CCG Community Partners, Dudley Ventures, PeopleFund NMTC

The new construction of a 165,000 SF one-stop service center providing an innovative approach to address the fragmented and uncoordinated health and social service care offered to low-income special needs

Arlington Life Shelter

Arlington,
TX
(2021)

College or Vocational Training, Daycare and Early Childhood, Shelters and Community Food

CDE(s): CRFUSA

Financed the substantial rehab of a facility that provides employment, education, childcare and homeless services in Tarrant County, Texas.

West Texas Centers

Big Spring,
TX
(2020)

Behavioral Health, Community, Healthcare, Rural

CDE(s): TransPecos Development Corp

Finances the acquisition of a new electronic health care system and provides working capital in connection with the expansion of operations of a mental health organization.

Pineywoods Community Academy

Lufkin,
TX
(2007)

Community, Schools, Youth and Families

CDE(s): Self-Help

Financing supported Pineywoods Community Academy, a public, open enrollment Charter School.