$40 Million in New Markets Tax Credit Financing Raised for Nebraska Pork Processing Plant
Emerald Capital recently sourced and closed $40MM in New Markets Tax Credit financing for Wholestone Farms, a Pork Processing plant in Fremont, NE. With the $40 Million in New Markets Tax Credit financing, Wholestone will expand their operations with facility expansion and equipment procurement. The result will impact the local community with an additional 800 jobs for the surrounding community.
“We are extremely pleased to assist this impactful project to take the next step in revamping and expanding their current facility. I look forward to seeing the resulting impacts with increased jobs for the community. We want to thank all of the partners including the CDEs and Investor who helped make this project a reality.”
-Matt Drinen, Emerald Capital Principal
New Markets Allocation was provided by Dudley Ventures, Greenline Ventures, and Stonehenge Community Capital. US Bancorp Community Development Corporation was the Tax Credit Investor for the New Markets Tax Credits.
If you have a project needing assistance in financing with respect to tax credits, incentive, or debt, please contact: