TWG Supply, Inc.

New Markets Tax Credit Coalition

Grapevine,
TX
(2021)

TWG Supply, Inc.

Auto Manufacturing, Business Development, Manufacturing

A $4 million project provided the company with working capital and restructured existing debt.

Investment

NMTC Amount: $4,000,000
Total Project Cost: $4,000,000

IMPACT

13 FTE jobs
Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

CDEs

Advantage Capital, Community Development Venture Capital Alliance

Investor

Unknown

Project Description

TWG Supply is a tech-enabled distributor of airport aftermarket parts. The company has developed highly specialized knowledge of suppliers and individual parts needed to help airlines meet their safety requirements. The $4 million project provided the company with working capital and restructured existing debt.

As part of the Community Benefits Agreement, CDE requires the average wage of jobs retained and projected at the QALICB must exceed 1.2X the living wage in the region. The company must offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

MAP

Address: 1010 East Dallas Road, Grapevine, TX 76051

Census Tract: 48439113705

Site Visits

Beth Van Duyne (R-TX) visits with Stonehenge and TWG Supply

Stonehenge Capital was honored to recently host Congresswoman Beth Van Duyne (TX-24) to discuss the bipartisan New Markets Tax Credit (NMTC) Program.

Learn more...

Oct-2022

Other Texas Projects

Vogel Alcove

Dallas,
TX
(2014)

Community, Daycare and Early Childhood, Shelters and Community Food, Youth and Families

CDE(s): Dallas Development Fund

Financing for a provider of a broad array of therapeutic services for children who are experiencing homelessness in the Dallas area.

Avenue Community Development Corporation

Houston,
TX
(2022)

Affordable Housing

CDE(s): Community Housing Capital

$5 million allocation will create approximately 18 homes for low-income buyers with median incomes averaging $36,000 per year. These buyers will receive pre-purchase financial counseling, homebuyer education, and ongoing support.

Coastal Bend Food Bank

Corpus Christi,
(2022)

CDE(s): Capital Impact Partners, Raza Development Fund, Texas Mezzanine Fund, USBCDE

Coastal Bend Food Bank, a nonprofit providing emergency food assistance across an eleven-county service area in South Texas, constructed an approximately 108,200 sq. ft. warehouse and distribution center to increase

FIBERTOWN Colocation Data Center

Bryan,
TX
(2007)

Business Development, Manufacturing

CDE(s): USBCDE

NMTC financing supported the construction of the FIBERTOWN Colocation Data Center