CEI Capital Management LLC (CCML), has finalized a New Markets Tax Credit (NMTC) financing deal worth $12 million for Rodgers Wade Manufacturing Company, Inc., aimed at facilitating the company’s expansion plans in Paris, Texas. The family-owned millworks business intends to use the funds to purchase assets from another company, invest in advanced manufacturing equipment, and bolster its working capital. The move is expected to support job creation and economic growth within the local community. The NMTC program, designed to stimulate economic development in distressed areas, allows investors to receive tax credits against their federal income tax in exchange for making equity investments in community development entities. Through this financing mechanism, CCML is playing a pivotal role in enabling Rodgers Wade to undertake this significant business growth initiative.

Financial Services, Manufacturing,Paris, Texas, United States, Brunswick, Maine, United States

Rodgers Wade Closes On $12 Million Of New Markets Tax Credit Financing From CEI Capital Management LLC To Expand Manufacturing Operations