Crown Equipment Corporation

Kinston, NC – Rural Development Partners allocated $17.5 million, and Five Points Community Capital $7.5 million in New Markets Tax Credit allocation to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility. The shuttered plant left 159 employees without a job and little employment opportunity in rural Lenoir …

Food Bank of Central & Eastern NC’s Wilmington Branch

Wilmington (NC) – Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch. The investment enabled the Food Bank to complete construction without delay while directing more capital toward operations. The new facility triples the size of Wilmington’s old location, allowing …

Coastal Carolina Clean Power

Kenansville, NC – Kenansville was originally developed and constructed as a coal-fired generating facility. A later owner intended to convert Kenansville from a coal-fired facility to a biomass-fired facility. In June 2006, Riverstone acquired Kenansville from Hudson United and formed CCCP to hold the asset. While previous attempts had been made to operate the facility on biomass fuel, Riverstone and …