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

Rehab of the Wheeling Stamping Building in Wheeling, West Virginia, a 94,000 sq. ft. brick warehouse.
The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.
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.

The project is the renovation of a century-old building occupied by the YWCA of Wheeling that now requires essential repairs and upgrades to ensure the YWCA can continue its mission