# Master Extrusion expands Albertville, Alabama plant with $10M financing backed by $7M tax credits

UB Community Development announced $7 million in New Markets Tax Credits within $10 million of financing for Master Extrusion LLC, an affiliate of ColorMasters, to add extruder machines at its Albertville, Alabama facility. The project is expected to create 45 jobs and retain 90.

- Type: Expansion
- Announced: 2020-03-27
- Where: Albertville, Alabama, United States
- Value: $10.0M
- Jobs: 45
- Status: announced
- Products: printed packaging bags, converted packaging films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Master Extrusion](https://endata.com/companies/6296.md)
- [ColorMasters](https://endata.com/companies/6297.md) (partner)
- [UB Community Development](https://endata.com/companies/6298.md) (investor)

## Sources

- [ubcommunitydevelopment.com](https://ubcommunitydevelopment.com/ub-community-development-announces-7-million-in-new-markets-tax-credit-funding-for-the-expansion-of-master-extrusion-llc-an-affiliate-of-colormasters-llc-in-albertville/), 2020-03-27: "The project is expected to create 45 new jobs and provide for the retention of 90 jobs in the community."

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