Tennessee Data and Stories

State Fact Sheet

Map of Selected Projects in Tennessee

Community Testimonials

The ability to use NMTC allowed one of our industries, Bongards Creameries, to expand with a $35,000,000 capital investment and the creation of 95 new jobs. With the expansion, the company gave the community a $175,000 workforce development grant.

There have been other companies in West TN which have also taken advantage of the NMTC program in order to expand their operations thereby creating additional capital investment and job creation. The NMTC program is a vital component to help facilitate growth in rural communities.

Please continue the NMTC program and help rural communities grow.

-Kingsley Brock, Director of Economic Development, Gibson County TN Office of Economic Development, Trenton, TN

Selected Projects in Tennessee

Natureplex

Memphis,
TN
(2019)

Business Development, Manufacturing

CDE(s): River Gorge Capital

Financing to Natureplex to support the purchase and equipping of a new facility

Faith Family Medical Center

Nashville,
TN
(2019)

Community, Healthcare, Hospitals and Emergency Services

CDE(s): The Reinvestment Fund

With the help of Reinvestment Fund and SunTrust Community Capital, the nonprofit was able to leverage a successful capital campaign through a NMTC financing structure to finance a new medical

Honey Alexander Center – Family and Children’s Services

Nashville,
TN
(2018)

Community, Healthcare, Youth and Families

CDE(s): Raza Development Fund

The 2400 Clifton Ave. building, dubbed the Honey Alexander Center, is 32,000 sq. ft. and includes a crisis call center that can handle more than 60,000 calls per year, a

Novus Advanced Manufacturing

Saint Joseph,
TN
(2018)

Business Development, Manufacturing, Rural

CDE(s): Stonehenge Community Development

Financing for a technology manufacturer.

Martha O’Bryan – Explore Community School

Nashville,
TN
(2018)

Community, Daycare and Early Childhood, Grocery and Fresh Food, Library, Retail, Retail and Commercial, Schools, Youth and Families, Youth Program

CDE(s): Low Income Investment Fund, Nonprofit Finance Fund, Truist

A vibrant educational K - 8 charter school in one of Nashville's lowest income neighborhoods.

Interfaith Dental Clinic 2

Nashville,
TN
(2018)

Community, Healthcare, Nonprofit Hub

CDE(s): Raza Development Fund, Truist

The clinic is undertaking an $8 million renovation of the 30,000 sq. ft. Aladdin Industries building on Murfreesboro Road, where it will be joined by Prevent Child Abuse Tennessee and

Design Team Sign Company

Adamsville,
TN
(2018)

Business Development, Food Manufacturing, Manufacturing, Retail, Rural

CDE(s): Hampton Roads Ventures, River Gorge Capital

NMTC financing helps modernize manufacturing facility, keeping jobs in rural Tennessee

Model Mill

Johnson City,
TN
(2018)

Business Development, Historic Rehabilitation, Office

CDE(s): People Incorporated Financial Services, RBC Community Development

Financing for rehab of the Model MIll on West Walnut Street into a new headquarters for a business.

Bongards Creameries

Humboldt,
TN
(2017)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Bluehub, PNC, Rural Development Partners

Financing to purchase and transform a plant in Humboldt into a natural processed cheese operation to support the growing demand for its products.

TAG Truck Center and Technical Institute

Memphis,
TN
(2017)

Adult Education, College or Vocational Training, Community, Manufacturing, Retail, Vocational Training, Warehouse and Wholesale

CDE(s): MBS Urban Initiatives, Stonehenge Community Development, Truist

Development of a 188,740 sq. ft. facility for sale, service, training and parts distribution for diesel trucks.

Stony Creek Colors, Inc.

Springfield,
TN
(2017)

Business Development, Manufacturing, Plastics and Chemicals

CDE(s): AMCREF Community Capital

Financing for Stony Creek to expand, own and operate a manufacturing facility in Springfield, TN to produce unique plant-based natural dyes.

Williams Sausage

Union City,
TN
(2017)

Business Development, Manufacturing, Retail, Rural

CDE(s): Chase, Community Impact Fund, Pacesetter CDE, Stonehenge Community Development, TruFund

Financing for the equipping of a manufacturing production facility, cold and dry storage, disbution center, truck maintenance hsop and new corporate offices.

Site visits and recent news related to Tennessee NMTC Projects

Rep. Kustoff (R-TN) tours Williams Sausage in Union City

"It was great to visit with folks yesterday in Union City and hear how #TaxReform is working in Obion County. We started out with a tour of Williams Sausage Company..." -Rep. Kustoff

Learn more...

Apr-2018

Senator Blackburn Visits Model Mill

Summers-Taylor Inc. expects to make the Model MIll on West Walnut Street its new headquarters by the end of the year (2020).

Learn more...

Jul-2019

Tivoli restoration project and new hall now fully funded after $9 million investment

September 11, 2024

After hiatus, there’s now a homeless shelter just for women and children in Nashville

January 4, 2024

Williams Sausage Company Breaks Ground on New Factory and Receives New Markets Tax Credits to Finance Major Expansion

July 27, 2017