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ResinTech Receives $15M Financing for Camden Facility Expansion

1 report, 1 independent Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

ResinTech closed a $15 million New Markets Tax Credit financing transaction with New Jersey Community Capital to support the expansion of its manufacturing and warehouse facility in Camden. The investment is part of an approximately $18.6 million project, which includes a 34,500-square-foot addition to the campus.

From prnewswire.com

Why it matters

Some supportBrind's analysis of the reports

The expansion is expected to retain 259 existing jobs, create 100 new permanent full-time positions, and support approximately 113 construction jobs in the Camden community.

From prnewswire.com

Who's involved

  • CamdenLocation of the manufacturing and warehouse facility expansion

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CamdenSpeculative

    The Camden community might see increased jobs and industrial investment from the ResinTech expansion.

  • Camden CountySpeculative

    Camden County could see an increase in the tax base and local employment due to the expansion.

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The entities involved

Coverage

Newest first; wire copies grouped