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

The Tomorrow Building

Chattanooga,
TN
(2017)

Historic Rehabilitation, Incubator, Mixed-use, Retail

CDE(s): River Gorge Capital

The Tomorrow Building is a four-story, 40,000 sq. ft. building in downtown Chattanooga, Tennessee that was originally built as a hotel in 1888.

Valor College Prep

Nashville,
TN
(2017)

Schools

CDE(s): Self-Help

Construction of the new high school facility will create 750 new student seats in the South Nashville.

Coil Design Corporation

Dayton,
TN
(2017)

Machine Shops and Metal Fabrication, Manufacturing

CDE(s): Advantage Capital

Financing for the expansion of a manufacturer of heat exchangers.

PeroxyChem

Memphis,
TN
(2017)

Business Development, Manufacturing, Plastics and Chemicals, Waste Management, Water Management

CDE(s): AMCREF Community Capital, Bank of America

PeroxyChem Installs Largest Peracetic Acid Wastewater Disinfection System in the World

All American Enterprises

Altamont,
TN
(2016)

Business Development, Manufacturing, Rural

CDE(s): Appalachian Fund for Growth

The Appalachian Fund for Growth provided NMTC financing to support All American Enterprises, a millwork manufacturer in Altmont, TN. The company does custom millwork, countertops, and cabinetry.

Magnum Manufacturing

Erin,
TN
(2015)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital

Manufacturer of low-volume stamped metal parts expanded and added 50 new jobs

Silicon Ranch, Selmer

Selmer,
TN
(2015)

Energy, Manufacturing, Rural, Solar

CDE(s): Community Impact Fund, Midwest Renewable Capital

On June 15, 2017, Pickwick Electric Cooperative, Tennessee Valley Authority, McNairy County Industrial Development Board, and Silicon Ranch officially commissioned and turned on a 10 MWDC solar energy facility in

MIA Seating

Union City,
TN
(2014)

Business Development, Manufacturing, Rural

CDE(s): National New Markets Fund, Truist

A new Technologically Advanced and Vertically Integrated manufacturing facility in the United States; manufacturing a high quality Made in the USA product line of office chairs and furniture at prices

The MED

Memphis,
TN
(2013)

Community, Healthcare

CDE(s): Community Hospitality Healthcare Services, Grow America, River Gorge Capital, Truist

An 82,000 square foot renovation of existing space for a regional medical center.

DOT Foods

Dyersburg,
TN
(2013)

Business Development, Food Manufacturing, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): CAHEC, River Gorge Capital, Rural Development Partners

NMTCs helped Dot Foods revitalize a rural community that lost more than 3,000 manufacturing jobs between 2010-2013.

Habitat for Humanity of Greater Nashville

Antioch,
TN
(2012)

Affordable Housing

CDE(s): CEI Capital Management

Funds the work of 21 Habitat for Humanity affiliates nationwide. Will result in the construction of 503 single-family homes for purchase by low-income individuals. Affiliates located in AZ, CA, CO,

Loudon County Habitat for Humanity, Inc.

Loudon,
TN
(2011)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): Habitat for Humanity

Financing for the construction of 18 affordable homes for Loudoun County Habitat for Humanity.

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).

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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