Journal of Tax Credits Volume 6 Issue 6
Monday, June 1, 2015
Made in America Seating, a manufacturer of ergonomic office seating, announced March 12 the company’s goal of investing $39.5 million in its Union City, Tenn., operations. The company has secured close to $16 million in financing through a loan from SunTrust Bank and NMTC equity from SunTrust Community Capital and the National New Markets Fund. The NMTC allocation will allow Made in America Seating to purchase and install equipment and machinery, retrofit its 100,000-square-foot building and add an additional 32,000 square feet of office space. The company anticipates adding more than 500 new jobs. The first shipment from the facility is expected in July.
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