Southern Champion Tray

Chattanooga,
TN
(2021)

Southern Champion Tray

Food Manufacturing, Manufacturing, Plastics and Chemicals

In December 2021, AMCREF Community Capital provided $9 million of NMTC financing to Southern Champion Tray, a 94-year-old sustainable paperboard packaging converter specializing primarily in food packaging for the grocery, bakery, and restaurant industries.

Investment

NMTC Amount: $47,500,000
Total Project Cost: $64,100,000

IMPACT

156 FTE jobs
53 construction jobs
Creation of 100% Quality Jobs and 89% Accessible Jobs; Estimated 24% of FTEs filled by People of Color.
300,000 sq. ft. of real estate

CDEs

AMCREF Community Capital, MuniStrategies, National New Markets Fund, Southern Community Capital, Truist

Investor

Truist

Project Description

In December 2021, AMCREF Community Capital, Munistrategies, the National New Markets Fund, Southern Community Capital, and Truist provided NMTC financing to Southern Champion Tray, LP (SCT). SCT is a 94-year-old sustainable paperboard packaging converter specializing primarily in food packaging for the grocery, bakery, and restaurant industries.

Paperboard packaging reduces waste in landfills and toxic materials used in the manufacturing process by being both recyclable and compostable. Paperboard products can be recycled 5-7 times before the grain becomes too small to be reused as paperboard and it can biodegrade within a few months compared to decades for plastic or Styrofoam based products.

SCT purchased a 56-acre greenfield site within the Centre South Riverport Industrial Park in September 2021 and invested $63.1 MM to construct and equip an approximately 300,000 sq. ft. manufacturing facility.

MAP

Address: 2601 Riverport Road, Chattanooga, TN 37406

Census Tract: 47065012300

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