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 [...]
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 [...]
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 [...]
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. [...]
Project Name Longleaf Machining Amount of NMTC Allocation $417,000 Community Profile Poverty Rate: 22.2% Unemployment Rate: 9.84% Household Median Income: $31,033 Job Creation 13% increase in company workforce Longleaf Machining Equipment & Facility Upgrades: A UB Community Development (UBCD) New Market Tax Credit Success Story With more than ten [...]
Project Name Brown Precision, Inc. Amount of NMTC Allocation $7 Million Community Profile Poverty Rate: 25.6% Unemployment Rate: 11.7% Household Median Income: $32,330 Job Creation 100 Permanent Jobs 128 Construction Jobs Project Highlights 30,000 square foot manufacturing facility encompassing roughly 27 acres of a 740-acre mixed-use development. The property is adjacent to Interstate 65 [...]
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 [...]
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 [...]
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 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 [...]
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