$10 Million in New Markets Tax Credit Financing for a New cold Storage and Refrigerated Logistics Facility in Albertville, AL
UB Community Development, a partner of United Bank and subsidiary of United Bancorporation of Alabama (UBAB), announced its role in $40 million of New Markets Tax Credit financing, including $10 million directly provided, for PermaCold Logistics' cold storage facility in Albertville, AL. The 121,270-square-foot temperature-controlled warehouse will support the regional poultry and food supply chain and is expected to create upwards of 50 permanent jobs.
Key figures
- Ytd projects
- 6
- Ytd jobs created
- 417
- Ytd jobs retained
- over 1,700
- Cumulative capital
- $31.7 million
- Facility square feet
- 121270
- Permanent jobs created
- upwards of 50
- Ytd 2026 placed funding
- $57 million
- Nmtc financing permacold
- $10 million
- Total nmtc project capital
- $40 million
- Affordable housing financing
- $7 million
- Ytd total capital investment supported
- $290 million
AI analysis
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