24blair

About Blair Miller

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So far Blair Miller has created 11 blog entries.

Publix Retail Project

2019-01-30T17:18:12+00:00

Project Name Publix Retail Project Success Story Amount of NMTC Allocation from UBCD $7 Million Community Profile Poverty Rate: 26.1% Unemployment Rate: 15.3% Household Median Income: $42,172 Job Creation  100 full-time and part-time Project Highlights From the project, a charitable contribution in the amount of $35,000 will go to United Bank’s Charitable Foundation which will then be [...]

Publix Retail Project 2019-01-30T17:18:12+00:00

Talladega College

2019-01-30T17:17:59+00:00

Project Name Talladega College Amount of NMTC Allocation $7 Million Community Profile Poverty Rate: 36% Unemployment Rate: 4.8% Household Median Income: $30,201 Job Creation  26 full time jobs 42 full time jobs after project completion Project Highlights On campus health clinic to serve 2,200 patients annually, is in a medically underserved census tract, and will be [...]

Talladega College 2019-01-30T17:17:59+00:00

Sterling Packaging, Inc.

2019-01-30T17:18:35+00:00

Project Name Sterling Packaging, Inc. Amount of NMTC Allocation $8.5 Million Community Profile Poverty Rate: 39.9% Unemployment Rate: 27.1% Household Median Income: $32,429 Job Creation 84 Full Time Jobs Project Highlights NMTC was a critical component to the Sterling Project, filling the financing gap From this transaction, Sterling made contributions in the amount of $42,500 to local [...]

Sterling Packaging, Inc. 2019-01-30T17:18:35+00:00

City of Satsuma

2019-01-30T17:19:03+00:00

Project Name City of Satsuma Public Safety Building Amount of Community Facilities Lending Program Allocation $2 Million Community Profile Poverty Rate: 10.3% Unemployment Rate: 4.2% Household Median Income: $59,311 Project Highlights Satsuma is a relatively small city located in the state of Alabama. With a population of 6,193 people and just one neighborhood, Satsuma is the 98th largest [...]

City of Satsuma 2019-01-30T17:19:03+00:00

Pursell Agri-Tech, LLC

2019-01-30T17:19:27+00:00

Project Name Pursell Agri-Tech, LLC Amount of NMTC Allocation $7 Million Community Profile Poverty Rate: 25.7% Unemployment Rate: 5.5% Household Median Income: $34,568 Job Creation 50 full time jobs 10 full time jobs 18 temporary construction jobs Project Highlights Talladega County’s unemployment rate is higher than the state average, but has dropped significantly in the last year. [...]

Pursell Agri-Tech, LLC 2019-01-30T17:19:27+00:00

UB Community Development Awarded $55M in New Market Tax Credits

2018-02-16T21:27:52+00:00

UB Community Development, LLC Awarded $55M in New Market Tax Credits   For Immediate Release February 14, 2018 Atmore, AL- UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the company has been awarded an allocation of $55M in New Market Tax Credits (NMTC). Through the NMTC program, the CDFI Fund allocates [...]

UB Community Development Awarded $55M in New Market Tax Credits 2018-02-16T21:27:52+00:00

Monroe County Hospital

2019-01-30T17:20:39+00:00

Project Name Monroe County Hospital Amount of NMTC Allocation from UBCD $6 Million Community Profile Poverty Rate: 26.1% Unemployment Rate: 7.5% Household Median Income: $28,352 Job Creation  21 new jobs for the hospital; which includes one nurse practitioner job, three nursing positions and two administrative positions. Project Highlights 5000 square foot renovation to oncology department that doubles [...]

Monroe County Hospital 2019-01-30T17:20:39+00:00

UB Community Development New $7 Million Loan Fund

2018-02-14T23:00:26+00:00

UB Community Development, LLC Announces Creation of New $7 Million Loan Fund to Spark Small Business Growth and Economic Development   For Immediate Release February 9, 2018 Atmore, AL- UB Community Development, LLC (UBCD) President, Alex Jones, announced today the creation of a new $7 million New Market Tax Credit (NMTC) loan pool following the [...]

UB Community Development New $7 Million Loan Fund 2018-02-14T23:00:26+00:00

Funding for Buc-ee’s Store in Baldwin County

2018-02-14T22:53:27+00:00

UB Community Development LLC (UBCD) Announces Funding for Buc-ee’s Store in Baldwin County For Immediate Release January 3, 2018 Baldwin Co., AL- UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today that it has closed a $7 Million New Market Tax Credits transaction with Buc-ee’s, Ltd., a Texas high-end convenience store operator. Buc-ee’s announced [...]

Funding for Buc-ee’s Store in Baldwin County 2018-02-14T22:53:27+00:00

American Banker New Market Tax Credit Article

2018-02-14T22:57:23+00:00

Dear Congress: Don't lose New Markets credit in tax reform deal "NMTC is the source of many happy endings in economically fragile communities. “Everyone wins,” said Bob Jones, whose United Bank financed Monroe County Hospital with NMTC. “Not only does the project create 21 new jobs in a town of 6,100, but the 33,000 [...]

American Banker New Market Tax Credit Article 2018-02-14T22:57:23+00:00