Reserve Management Group is an Ohio-based family of distinct but related companies engaged in ferrous and non-ferrous metals recycling, electronics recycling and IT asset conversion services, and other related services. RMG engaged Grow to seek New Markets Tax Credits to support the construction of a new $80 million scrap-metal recycling facility in Chicago, IL that would generate over 150 jobs in a severely distressed neighborhood. Grow created marketing materials for the project, spearheaded outreach to appropriate CDEs, and guided conversations with interested CDEs and investors. After securing a Reservation Letter from Baltimore-based CDE Urban Action Community Development (UACD) for $7.5MM of federal NMTC allocation and $7MM of state NMTC allocation, Grow oversaw the closing process and worked to ensure it was both straightforward and efficient. Costs were kept to a minimum, with as much benefit as possible being passed through to the project.

Shearer’s Foods, one of the largest snack and chip manufacturing companies in the US, engaged Grow to pursue New Markets Tax Credits in support of their new 389,000 SF manufacturing facility in Moraine, OH that would create hundreds of much-needed jobs for the region. Grow successfully identified and closed $12.5MM of allocation from the Dayton Regional New Market Fund and structured the closing to permit additional allocation to be brought into the deal at a later date.