Rural Development Partners allocated $17.5 million in New Markets Tax Credits to help Crown Equipment finance the timely acquisition, modernization, and equipping of a vacated 255,295 SF building adjacent to its current facility in Kinston (NC). The shuttered plant left 159 employees without a job and little economic opportunity. The expansion is expected to create 192 jobs and retain 340 in the region, some of which will be re-shored from the Company’s overseas operations.
