New Markets Tax Credit Coalition

  • Dunkirk,
  • NY
  • (2018)

Universal Stainless

District: Nick Langworthy (R-NY23)

Finacning for a new mid-size bar cell capital project at its Dunkirk, NY facility.

Investment

  • NMTC Amount: $10,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 75 FTE jobs

CDEs

Investor

Project Description

In March 2018, the Company entered into a financing transaction with an outside bank and community development agency related to the new mid-size bar cell capital project at its Dunkirk, NY facility. The Company financed a portion of this $10.0 million capitalized project via the New Markets Tax Credit program, enabling it to benefit from low cost financing.

External Profile

MAP

Address: 830 Brigham Road, Dunkirk, NY 14048

Census Tract: 36013035600

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