Tropical Products

New Markets Tax Credit Coalition

Salem,
MA
(2022)

Tropical Products

Manufacturing

The acquisition and construction of a 2-story, 99,724 sq. ft. manufacturing and warehouse facility creates jobs in Salem.

Investment

NMTC Amount: $20,000,000
Total Project Cost: $24,875,000

IMPACT

125 FTE jobs
38 construction jobs
The project also retains a total of 58 existing jobs.
99,724 sq. ft. of real estate

CDEs

Mascoma Community Development

Investor

US Bank

Project Description

The acquisition and construction of a 2-story, 99,724 SF manufacturing and warehouse facility to be used as the principal place of business of Tropical Products in Salem, MA. The project will allow Tropical Products to more than double their existing capacity, from 7 production lines to 20 upon completion, resulting in the creation of a significant number of new jobs during the ensuing few years.

MAP

Address: 373 Highland Avenue, Salem, MA 1970

Census Tract: 25009204701

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