New Markets Tax Credit Coalition

  • Muncie,
  • IN
  • (2024)

Smart Products

District: Jefferson Shreve (R-IN06)

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

Investor

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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