NNMF Provides $16 Million in Tax Credit Financing For Union City Manufacturing Expansion

The Memphis Business Journal profiled an NNMF New Market Tax Credit investment in Made in America Seating, a manufacturer of ergonomic office seating in Union City, Tennesee. SunTrust Community Capital and then National New Markets Fund is providing nearly $16 million in financing for a $39.5 million expansion to retrofit its 100, 000-square-foot building, and it is adding 32,000 square feet of office space. Made in America seating is currently installing equipment in Union City and has started limited production and trial shipments. The company is expecting its first major shipment from Union City to be ready by July. The company makes office furniture for around 1,300 furniture dealers in the U.S.

Made in America is expected to create 500 new jobs to the city in the next five years.

To read the full Memphis Business Journal article click here.