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Potters Industries, LLC has secured $19.5 million in New Markets Tax Credit financing to aid in its expansion in Wilson, NC. This funding will accelerate job creation and economic recovery in the area.

Apr 03, 2025•3 months ago

Amount Raised

$19.5 Million

MalvernManufacturing

Investors

Community Business InvestmentMidwest Renewable CapitalRural Development Partners

Description

Rural Development Partners (RDP) awarded $19.5 million in New Markets Tax Credit (NMTC) financing to Potters Industries, LLC, a manufacturer of glass beads. The financing will help expedite site acquisition and purchase of capital equipment essential for job creation. This initiative comes in response to the recent economic challenges faced by the community following the closure of a local manufacturing plant. The allocation is part of a $44.5 million NMTC package, creating 43 jobs in its first year.

Company Information

Company

Potters Industries

Location

Malvern, Pennsylvania, United States

About

Potters Industries, LLC is a manufacturer of glass beads specializing in retroreflective highway safety products. The company has roots tracing back to 1914 and is a recognized leader in the production of glass microspheres that improve safety on roadways and industrial products. Potters focuses on creating innovative solutions that meet stringent safety regulations and has a commitment to using post-industrial recycled glass in their manufacturing process. They have been influential in various safety policies and remain a resource for governmental authorities.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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