West Virginia Great Barrel Company Project 2

NMTC financing supported the West Virginia Great Barrel Company Project.

Investment

  • NMTC Amount: $11,000,000
  • Total Project Cost: $18,418,653

IMPACT

  • 138 FTE jobs
  • 4 construction jobs

Investor

Project Description

A few years ago there was a flood in White Sulphur Springs, WV that destroyed the town. While they rebuilt homes, they knew that there had to be business to sustain the area. They built a cooperage for a project in conjunction with Smooth Ambler Spirits by creating barrels. This was the 2nd phase of the project.

MAP

Address: 546 Mountain Home Drive, Caldwell, WV 24925

Census Tract: 54025950700

Other West Virginia Projects

NMTC brings first new commercial or residential development in the community in 50 years to Welch, WV.
Rural Development Partners and the National Development Council used the NMTC to help West Virginia Great Barrel Company (WVGBC) construct a new barrel manufacturing facility in White Sulphur Springs, WV.
A full-scale rehabilitation of a vacant 37,000 sq. ft. 4-story brick structure originally built in 1922 to house a major tenant offering impactful community services.
The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.