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.