In December 2021, AMCREF Community Capital provided $9 million of 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 is purchased a 56-acre greenfield site within the Centre South Riverport Industrial Park in September 2021 and plans to invest $63.1 MM to construct and equip an approximately 300,000 sq. ft. manufacturing facility + Southern Champion Tray, LP (“SCT”), is a 94-year-old, family-owned sustainable paperboard packaging converter specializing primarily in food packaging for the grocery, bakery, and restaurant industries. To meet increasing demand, SCT will construct a 330,000 sq. ft. facility, comprised of approximately 300,000 sq. ft. of manufacturing and storage, and approximately 30,000 sq. ft. of non-manufacturing space including lobby, cafeteria, locker rooms, and offices. The new facility will be located on a 56.4-acre site in the Centre South Riverport Road Industrial Park in Chattanooga, TN.
Auburn, NY | 24th District
A $16.4 million expansion increased manufacturing activity in Auburn, NY, creating 32 new jobs….