Scepter

Waverly,
TN
(2024)

Scepter

Manufacturing

A new facility in Waverly, TN is helping train local workers for stable careers in manufacturing

Investment

NMTC Amount: $9,100,000
Total Project Cost: $9,100,000

IMPACT

182 FTE jobs
20 jobs created and 162 jobs retained

CDEs

AMCREF Community Capital

Investor

Regions Bank

Project Description

Founded in 1986 and headquartered in Waverly, TN, Scepter, Inc. is a family-owned and operated aluminum recycler which specializes in the recovery and recycling of contaminated and lower-value scrap aluminum that would otherwise be landfilled or shipped overseas.In response to growing demand, Scepter sought NMTC capital to support their expansion and increase the quantity of aluminum it recycles by 22%.Commended by local officials, Scepter is located in a highly distressed Non-Metro low-income community and is one of the largest employers in the county.They also actively partner with the Hope Center of Waverly, a nearby addiction and substance abuse center, to provide hard-to-employ individuals with job training and employment opportunities.

MAP

Address: 1485 Scepter Lane, Waverly, TN 37185

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