Roses Southwest Papers Inc.

Albuquerque,
NM
(2021)

Roses Southwest Papers Inc.

Historic Rehabilitation, Manufacturing, Solar

Roses Southwest Papers Inc. is a high-quality paper products manufacturer located in Albuquerque, New Mexico. The investment will allow the family-owned and operated business to increase its manufacturing capacity and to shift towards renewable energy sources by acquiring solar panels. Belize natives Roberto Espat and Rose Marie Espat founded Roses Southwest Papers, Inc. in 1984. The New Mexico-based business is committed to manufacturing sustainable, American-made products.

Investment

NMTC Amount: $17,000,000
Total Project Cost: $18,426,488

IMPACT

147 FTE jobs
35 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

New Mexico Finance Authority, Stonehenge Community Development

Investor

Wells Fargo

Project Description

Roses Southwest Papers Inc. is a high-quality paper products manufacturer located in Albuquerque, New Mexico. The investment will allow the family-owned and operated business to increase its manufacturing capacity and to shift towards renewable energy sources by acquiring solar panels. Belize natives Roberto Espat and Rose Marie Espat founded Roses Southwest Papers, Inc. in 1984. The New Mexico-based business is committed to manufacturing sustainable, American-made products. Roses Southwest Papers, Inc. prioritizes expanding and solidifying employment opportunities. The investment utilizes the bipartisan New Markets Tax Credit Program, a Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury led program, that seeks to support economically distressed communities in attracting private capital investment. The investors include Stonehenge Capital, Finance New Mexico, and Wells Fargo. Roses Southwest Paper, Inc. was advised by Hickory Grove Capital.