Clay, WV – Allegheny Wood Products, Inc. operates six sawmills in three states. Coastal Lumber Company operates fifteen sawmills in five states. Both companies are long-established, family-owned, integrated timberland and sawmill operators. Together, these mills employ more than 1,200 people in low-income areas. These two companies run 23 operations in 22 communities, a major source of employment in the region. …
Monogram Snacks
Martinsville, VA – Monogram Snacks Martinsville, LLC, a wholly owned subsidiary of Monogram Food Solutions, LLC, received a New Markets Tax Credit allocation of $8 million from Rural Development Partners as part of a financing package for a major expansion project at its Martinsville, Virginia production plant. The overall expansion cost $61.7 million, added 56,000 square feet and renovated space …
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 …
SafeRack
Andrews, SC – SafeRack is a wonderful example of high tech manufacturing in rural America. RDP was pleased to provide $15 million in NMTC allocation to make the new plant possible. The project is located in a distressed rural census track in Andrews, SC and is also located within a South Carolina State Enterprise Zone and is a FEMA-designated Major …
Cascades f/k/a Orchids Paper
Barnwell, SC – Rural Development Partners provided $15 million in New Markets Tax Credit funding to solidify construction of a new integrated production facility near Barnwell, South Carolina. Orchids Paper Products Company, a leading provider of high quality consumer tissue, created 134 new jobs with the expansion of the Pryor, Oklahoma, based Orchids and will serve the East Coast of …
Pinelands
Allendale, SC – The project entailed the development of two identical 21 MW biomass generation facilities used to convert wood pulp and debris into electricity for use throughout South Carolina. Southeast Renewable Energy, LLC (“SRE”) owned the project; SRE transfered its current 100 percent ownership of the two plants to enXco Development Corporation (“enXco”). Both facilities began using biomass from …
Food Bank of Northeast Georgia
Athens, GA – The Food Bank of Northeast Georgia was founded in 1992 in an effort to end hunger in northeast Georgia. The Food Bank’s 14‐county service area (5 metro, 9 non‐metro) has an annual meal gap of 18 million lbs (14 million meals), of which it fills 12 million lbs. New Markets Tax Credits from Rural Development Partners is …
Nemak
Sylacauga, AL – RDP invested $20 million in NMTCs to help Nemak expand and preserve its manufacturing presence in Sylacauga, Alabama. It is difficult to overstate the importance of Nemak’s continued operation and success to the rural Sylacauga, AL community. Nemak is the second largest manufacturer and employer in this rural highly distressed community, and had suffered from thousands of …
Westervelt Pellets
Aliceville, AL – Westervelt Company received $55.5 million in NMTCs from Rural Development Partners, WNC and Associates, Wells Fargo Bank N.A., and CEI for the construction of a $71 million wood pellet manufacturing facility. This facility, Westervelt Pellets, created over 669 temporary construction jobs and 273 permanent jobs in a region where poverty was at 27 percent. The project also …
DOT Foods
Dyersburg, TN – Dot Foods, the nation’s largest food distributor, revitalized a rural community that lost more than 3,000 manufacturing jobs between 2010-2013. The company partnered with RDP for $11.4MM in NMTC allocation to construct a new 167,000 square foot warehouse facility and garage for their trucking fleet. The new facility serves as a logistics hub for the southern U.S. …
