Smart Products

New Markets Tax Credit Coalition

Muncie,
IN
(2024)

Smart Products

Manufacturing

A new facility in Muncie, IN is helping train local workers for stable careers in manufacturing

Investment

NMTC Amount: $2,633,000
Total Project Cost: $2,633,000

IMPACT

25 FTE jobs
5 jobs created and 20 jobs retained

CDEs

OppFund (New Market Opportunity Fund)

Investor

US Bank

Project Description

provides repair and recycling equipment to help other companies manage their wooden pallets.Its sales slipped from 2020-2021, making existing lenders unwilling to advance the funds needed to respond to a rebound in orders in 2023.Our replaced short-term debt with a loan offering lower payments due to a longer amortization schedule. provides living wage jobs with tremendous health benefits and expects 20% annual increases in its 20-employee workforce due to our.

MAP

Address: 3401 North Commerce Drive, Muncie, IN 47303

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