ResinTech Inc. secures $15 million in NMTC financing via New Jersey Community Capital to drive facility expansion, creating 100 new jobs and supporting 113 construction roles in Camden.
ResinTech is positioned for significant operational expansion following the closing of a $15 million New Markets Tax Credit (NMTC) financing deal facilitated by New Jersey Community Capital. This capital infusion is explicitly tied to the company's growth initiatives in Camden, which are expected to bolster the local economy by retaining 259 existing jobs and creating 100 new permanent full-time positions.
The financing is intended to support ResinTech's expansion in Camden, facilitating job retention and the creation of new permanent and construction roles.
The project is expected to retain 259 existing jobs, create 100 new permanent full-time positions, and support approximately 113 construction jobs.
New Jersey Community Capital has finalized a $15 million New Markets Tax Credit financing deal to support ResinTech Inc.'s expansion in Camden. The investment aims to bolster the local economy by retaining 259 existing jobs and creating 100 new permanent full-time positions.
The financing is intended to support the expansion of ResinTech's operations in Camden, New Jersey, facilitating job creation and economic development in the area.