The cities of Thomaston and Cordele have more in common than their location in central Georgia. Both are rural, manufacturing communities and both have suffered thousands of job losses over shuttered factories. Now both are bringing back jobs and rebuilding their local economies with the expansion of two green businesses. Thanks to federal new markets tax credit (NMTC) financing, Thomaston will see its AVAPCO biomass research and development facility expand into new products and Cordele will see its Synergy Solutions recycling management center upgraded and expanded.

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This article first appeared in the September 2015, Volume VI, Issue IX - Published by Novogradac & Company LLP © Novogradac & Company LLP 2015. All rights reserved. Notice pursuant to IRS regulations: Any U.S. federal tax advice contained in this article is not intended to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties under the Internal Revenue Code; nor is any such advice intended to be used to support the promotion or marketing of a transaction. Any advice expressed in this article is limited to the federal tax issues addressed in it. Additional issues may exist outside the limited scope of any advice provided - any such advice does not consider or provide a conclusion with respect to any additional issues. Taxpayers contemplating undertaking a transaction should seek advice based on their particular circumstances. This editorial material is for informational purposes only and should not be construed otherwise. Advice and interpretation regarding property compliance or any other material covered in this article can only be obtained from your tax advisor. For further information visit www.novoco.com.