Emerald Capital Strategic Advisors recently sourced and closed $7 million in New Markets Tax Credit financing for Tiger Fiber Inc., a commercialized industrial hemp fiber processor in Sauget, Illinois, in the St. Louis market.
With the NMTC financing, Tiger Fiber will expand its operations to procure additional equipment and inventory to meet demand for its products. Tiger Fiber’s expanded operations will create more than 90 direct permanent jobs that pay above the area living wage.
Tiger Fiber anticipates the creation of more than 90 indirect jobs in one of the fastest-growing industries in the United States.
Heartland Regional Investment Fund provided $7 million in NMTC Allocations and US Bancorp Community Development Corporation was the Tax Credit Investor for the New Markets Tax Credits.
