New Markets Tax Credit Coalition

Search

White Mountain Apache Timber

Revamping the business plan of a timber mill, leveraging NMTCs to upgrade the mill with new technological equipment and generate working capital.

Investment

  • NMTC Amount: $41,600,000
  • Total Project Cost: $67,920,750

IMPACT

  • 164 FTE jobs
  • 334 construction jobs
  • Higher Productivity, Habitat Enhancement, Reduced Insect Infestation Decreased Fire Risk

Investor

Project Description

The last large sawmill in northern Arizona, one of the tribe’s largest employers, and a significant part of the wood industry shut operations down in 2010. The tribe later engaged two of the timber industry’s top consultants who revamped their business plan, leveraging NMTCs to upgrade the mill with new technological equipment, establish a working capital, and the mill reopened in 2014.

MAP

Address: 501 East Fatco Road, Whiteriver, AZ 85941

Census Tract: 4017940301

Other Arizona Projects

NMTC financing supported the Navajo Tribal Utility Authority, which provides electricity, natural gas, water, wastewater treatment, renewable energy and telecommunications services to homes and businesses throughout the Navajo Nation and
A new school facility serves 550 students at full capacity in a 48,000 square foot building with 44,000 square feet for the charter school, 2,000 square feet for preschool, and
Early education center with an on-site health clinic and family support training center.
The construction of three new club facilities in the metro-Phoenix area: The Jerry Colangelo Clubhouse, The Ed Robson Family Clubhouse, and The Glendale Branch.