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Myriant Corp.

Investment - NMTC


Location
Lake Providence, LA

Closing Year
2012

Sponsor Partner
Myriant Corporation

UA NMTC Allocation
$5 Million

Project Type
Manufacturing Plant, Business

Size
260,000 SF

 

The Myriant Corporation developed a green alternative to petroleum that it uses in the production of inks, coatings, Spandex, and plastics. This NMTC investment helped bridge the financing gap for the construction of Myriad's manufacturing plant, which helped bring a sustainable product to market while simultaneously bringing jobs to a severely economically distressed community. Urban Atlantic's $12.7 Million Allocation leveraged over $148 Million in project costs.