Alabama Data and Stories

State Fact Sheet

Map of Selected Projects in Alabama

Community Testimonials

We have personally seen the impact that NMTCs can have on providing capital to projects in the rural communities we serve. Without them projects too numerous to mention would have struggled to come to fruition. You can see examples of these projects on our website: www.ubcommunitydevelopment.com.

-Alex Jones, United Bank, Atmore, Alabama

Selected Projects in Alabama

Vulcan Aluminum Mill Vulcan, Inc.

Foley,
AL
(2013)

Business Development, Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Hampton Roads Ventures, MuniStrategies

Financing for the addition of a state-of-the-art, 24,000 square foot building to the existing facility as well as installing a new Annealing Furnace, Water Cooling System and Melting Furnace, which

Zilkha Biomass

Selma,
AL
(2013)

Business Development, Energy, Manufacturing, Rural

CDE(s): AMCREF Community Capital

Manufacturer of proprietary 'black' wood pellet.

R & B Machine

Huntsville,
AL
(2013)

Manufacturing

CDE(s): Urban Development Fund (Aries Capital)

R & B Machine is a leading manufacturer of highly engineered aerospace components and assemblies, specializing in the precision machining, fabrication and EDM of complex, tight tolerance, mission critical metal

Bethany Village

Nauvoo,
AL
(2013)

Adult Education, College or Vocational Training, Community, Daycare and Early Childhood, Recreation, Rural, Youth and Families

CDE(s): Urban Development Fund (Aries Capital)

An expansion of Camp McDowell, a private retreat and camp that primarily serves people with disabilities and low-income persons.

Westervelt Pellets

Aliceville,
AL
(2012)

Manufacturing

CDE(s): CEI Capital Management, Rural Development Partners, Wells Fargo, WNC National Community Development Advisors

The NMTC helped the Westervelt Company to build a new wood pellet manufacturing facility in Aliceville, Ala.

River Region Health Center

Montgomery,
AL
(2012)

Behavioral Health, Community, FQHCs

CDE(s): Community Hospitality Healthcare Services, USBCDE

Federally Qualified Health Center has expands its mission with new facility.

Gulf Coast Seafood and Co-op

Bayou Labatre,
AL
(2011)

Disaster Recovery, Energy, Food Manufacturing, Katrina, Manufacturing, Solar

CDE(s): AMCREF Community Capital

Gulf Coast Agricultural and Seafood Co-Op, is a non-profit first-of-its-kind facility turning seafood processing waste into fertilizer.

Greater Birmingham Habitat for Humanity, Inc.

Birmingham,
AL
(2010)

Affordable Housing, Katrina

CDE(s): Habitat for Humanity

Construction of 122 affordable single-family homes for Habitat for Humanity in an area that suffered from extensive damage from Katrina.

Alabama Entrepreneurial Center

Birmingham,
AL
(2006)

Adult Education, Business Development, College or Vocational Training, Community, Incubator

CDE(s): Wells Fargo

An old Sears store that lay vacant for over 20 years is the new site of the Entrepreneurial Center located in the heart of Birmingham's Downtown West Urban Redevelopment District.

Site visits and recent news related to Alabama NMTC Projects

Rep. Sewell, colleagues introduce bipartisan New Markets Tax Credit Extension Act

April 11, 2023

UB Community Development Announces $13.5 Million in New Markets Tax Credit Funds to Globe Metallurgical, Inc.

January 31, 2023

$300,000 grant paves way for Mar-Jac Poultry expansion in northwest Alabama

July 30, 2017