# Petoskey Plastics to open rail-served plant in McKinney, Texas with $20M NMTC financing

Petoskey Plastics closed on $20 million in New Markets Tax Credits to finance a new rail-served recycling and manufacturing facility in McKinney, Texas, creating 154 jobs. The announcement was made on February 11, 2020.

- Type: New facility
- Announced: 2020-02-11
- Where: McKinney, Texas, United States
- Value: $20.0M
- Jobs: 154
- Status: announced
- Products: recycled plastic film, plastic bags, plastic resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Petoskey Plastics](https://endata.com/companies/3239.md)
- [HRH Community Partners](https://endata.com/companies/6100.md) (partner)

## Sources

- [hrhcp.com](https://hrhcp.com/portfolio/), 2020-02-11: "Petoskey Plastics... has closed on $20 million in New Markets Tax Credits for the financing of a new rail-served manufacturing facility in McKinney, Texas."

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