# 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.

- Type: Investment
- Announced: 2018-03-22
- Where: Monroeville, Alabama, United States
- Value: $8.50M
- Jobs: 55
- Status: announced
- Capacity: 60,000 sq ft facility (55,000 sq ft manufacturing and industrial space)
- Products: folded paperboard cartons, custom packaging

## Companies

- [Sterling Packaging](https://endata.com/companies/1845.md)
- [Druid Capital Partners](https://endata.com/companies/3026.md) (investor)

## Sources

- [ubcommunitydevelopment.com](https://ubcommunitydevelopment.com/ub-community-development-llc-announces-8-5mm-in-new-market-tax-credit-funding-for-sterling-packaging-llc-building-project/), 2018-03-22: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.