SGL Carbon in Ozark to benefit from New Market Credits

In the latest legislative session, Arkansas lawmakers passed a measure touted as a jobs creator, the New Market Tax Credits. The bill encouraged private sector investment in small businesses, particularly in low-income regions, by providing tax credits tied to private capital investments including at existing businesses. On Tuesday (July 9), Heartland Renaissance Fund, an affiliate of The Arkansas Capital Corporation Group, said it will provide $10 million in New Markets Tax Credits to SGL Group’s Ozark, Ark. manufacturing facility. The money will be used to replace the current operations with a new state-of-the-art graphitization process for the manufacture of graphite electrodes, which are used for the production of steel in electric arc furnaces.  SGL Group employs around 90 workers in Ozark. The $10 million New Markets Tax Credit financing is part of a $26 million overall investment at the plant. Read the full article here from The City Wire: SGL Carbon in Ozark to benefit from New Market credits