Sterling Packaging gets $8.5M New Market Tax Credit funding for Monroeville, Alabama plant

UB Community Development announced $8.5 million in New Market Tax Credit funding for Sterling Packaging to reuse a vacant spec building and buy new equipment in Monroeville, Alabama, for a 60,000 sq ft facility, targeting 55 new full-time jobs.

“The NMTC allocation of $8.5 million will assist the company in the reuse of a vacant spec building and new equipment purchases that will increase the use of recycled paper and reduce paper waste.”ubcommunitydevelopment.com

• 1 source
• ubcommunitydevelopment.comUB Community Development, LLC Announces $8.5MM in New Market Tax Credit Funding for Sterling Packaging, LLC Building Project - UB Community Development LLCMar 22, 2018

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