New Markets Tax Credit Coalition

Search
  • 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

Missing information? Submit an update or correction.

Other New York Projects

Fine Fare Supermarket Project
  • Bronx,
  • NY
  • (2010)
  • CDE(s): Carver National Bank
NMTC financing for the renovation of a vacant 19,000-sq. ft. building to house a brand new Fine Fare supermarket
Learn more..
Rehab of the National Biscuit Company Building
  • Albany,
  • NY
  • (2020)
Finances the renovation of the historic National Biscuit Company Building.
Learn more..
Oak Point Property
  • Bronx,
  • NY
  • (2010)
  • CDE(s): Chase

Restaurant Wholesale Supplier: South Bronx developer Steven Smith has taken a bankrupt 28-acre illegal garbage dump and transformed it into a fresh food distribution hub with the potential to bring

Learn more..
Ovenly
  • Brooklyn,
  • NY
  • (2018)
  • CDE(s): Local Initiatives Support Corporation
$600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people.
Learn more..