Polycap

New Markets Tax Credit Coalition

Lebanon,
VA
(2020)

Polycap

Business Development, Food Manufacturing, Manufacturing, Plastics and Chemicals, Rural

Equipment purchase for state of the art 76,000 sq. ft. injection molding manufacturing facility which creates plastic caps and enclosures for use in the food and medical industries.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $10,906,497

IMPACT

67 FTE jobs
76,000 sq. ft. of real estate

CDEs

People Incorporated Financial Services

Investor

US Bank

Project Description

Equipment purchase for state-of-the-art 76,000 sq. ft. injection molding manufacturing facility which creates plastic caps and enclosures for use in the food and medical industries.

MAP

Address: 219 Joe Gillespie Drive, Lebanon, VA 24266

Census Tract: 51167030401

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