Home » NEWS » Banking & Finance » SECDE closes on tax credits for Resinall plant

SECDE closes on tax credits for Resinall plant

MADISON and HATTIESBURG — SECDE Ventures, LLC has closed on New Markets Tax Credit (NMTC) financing of $18 million for construction of Resinall Mississippi’s new hydrogenated hydrocarbon resin unit at its manufacturing facility in Hattiesburg.

SECDE combined $12 million of its NMTC allocation with $6 million of NMTC allocation from MuniStrategies and $15 million of bond proceeds from Mississippi Business Finance Corporation (MBFC) to facilitate the completion of this facility expansion for Resinall. In addition to SECDE, MuniStrategies and MBFC, participating Mississippi firms include Trustmark National Bank, Government Consultants, Equity Plus, LLC, Balch & Bingham, LLP (Jackson office), Jones Walker (formerly Watkins Ludlam) and Butler Snow, O’Mara, Stevens & Cannada, PLLC.

By shifting into this new market and as a result of the NMTC financing, Resinall will preserve 125 manufacturing jobs and create 10 to 20 new positions in order to supply a portion of the increasing demand for hydrogenated tackifier resins (HTR).


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply