West Virginia Great Barrel Company Project 2

Caldwell,
WV
(2020)

West Virginia Great Barrel Company Project 2

Business Development, Floods, Manufacturing, Rural

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

CDEs

Community Ventures

Investor

Unknown

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

Summersville Regional Medical Center

Summersville,
WV
(2020)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): WesBanco

The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.

Upshur County Innovation Center

Buckhannon,
WV
(2020)

Business Development, Community, Incubator, Retail, Rural

CDE(s): People Incorporated Financial Services

Construction of modern professional office space in downtown Buckhannon, WV consisting of modern amenities and technology along with fiber gigabit connectivity.

Parkersburg Orthopedics Associates Inc

Parkersburg,
WV
(2020)

Community, Healthcare

CDE(s): WesBanco

Funding to remodel the lower floor of a medical building, allowing for the addition of doctors and staff.

Braxton County Memorial Hospital

Gassaway,
WV
(2020)

Community, Healthcare, Hospitals and Emergency Services, Rural

CDE(s): WesBanco

The borrower was seeking funding for the purchase and installation of a software system used across the entirety of their parent institution.