Shuttered Barnwell County Mill Set to Reopen Following $18 Million in New Markets Tax Credit Financing
National New Markets Fund, LLC (“NNMF”), an affiliate of Los Angeles-based SDS Capital Group, has invested $18 million of its New Markets Tax Credit (“NMTC”) allocation to support ST Group of Companies’ acquisition and renovation of a shuttered manufacturing facility in Barnwell, South Carolina. The investment will result in the creation of 90 full-time jobs, the vast majority of which will be accessible to low-income individuals in the region.
National New Markets Fund Invests $20 Million in New Markets Tax Credit Financing to Support Upgrade of American Cast Iron Pipe Company Manufacturing Operations in Birmingham, ALNational New Markets Fund, LLC (“NNMF”), an affiliate of Los Angeles-based SDS Capital Group, has invested $20 million in New Markets Tax Credits (“NMTC”) to modernize furnaces at the American Cast Iron Pipe Company (ACIPCO) Manufacturing Plant in Birmingham, AL. The $285 million improvement program will create 80 to 100 full-time jobs and retain an additional 1,775 positions, bringing greater economic opportunity to surrounding communities through high-quality, high-paying jobs.
National New Markets Fund Invests $28.5 Million in New Markets Tax Credit Financing to Support Expansion of RoyOMartin’s Manufacturing Operations in Corrigan, TX
National New Markets Fund, LLC (“NNMF”), an affiliate of Los Angeles-based SDS Capital Group, has invested $28.5 million of its New Markets Tax Credit (“NMTC”) allocation authority to support the expansion of RoyOMartin’s manufacturing operations in Corrigan, TX. The $115.1 million project will retain 200 full-time jobs and create 123 new full-time positions, reinforcing RoyOMartin’s role as one of the most critical employers in Polk County.
