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, 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

Other Tennessee Projects

K-VA-T Winchester

Winchester,
TN
(2021)

Grocery and Fresh Food, HFFI

CDE(s): Community Ventures, Truist

This project was for a 54,000 sq. ft. grocery store in Winchester, TN. Store includes a bakery/deli, a 500 sq. ft. pharmacy, Starbucks and a Bank. K-VA-T also purchased an

The Tomorrow Building

Chattanooga,
TN
(2017)

Historic Rehabilitation, Incubator, Mixed-use, Retail

CDE(s): River Gorge Capital

The Tomorrow Building is a four-story, 40,000 sq. ft. building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888.

Silicon Ranch, Selmer

Selmer,
TN
(2015)

Energy, Environment, Manufacturing, Rural, Solar

CDE(s): Community Impact Fund, Midwest Renewable Capital

On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in

McMinnville Hampton Inn

McMinnville,
TN
(2020)

Business Development, Hotels and Tourism, Retail, Rural

CDE(s): Enhanced Capital, River Gorge Capital

Devlopment of a 74-room Hampton Inn hotel and a 20,000 sq. ft. retail center in the town of McMinnville, TN.