New Jersey Community Capital Closes $15 Million Financing for ResinTech Expansion in Camden
New Jersey Community Capital (NJCC) has finalized a $15 million New Markets Tax Credit (NMTC) financing deal to fund an expansion of ResinTech's manufacturing and warehouse facility in Camden, New Jersey. The project involves adding 34,500 square feet to the existing campus as part of a larger $18.6 million investment aimed at increasing production capacity for ion exchange resins used in water filtration. The expansion is expected to have significant local economic impact by retaining 259 current jobs and creating 100 new permanent full-time positions, alongside supporting approximately 113 construction roles. JPMorgan Chase participated as the tax credit investor, contributing $3 million to the total NMTC allocation of $18 million. Construction is scheduled to run from October 2026 through October 2027. This marks NJCC's second major investment in ResinTech, following a previous $7 million transaction in 2019 that facilitated the company's initial relocation to Camden.
Topics: Economic Development Job Creation Manufacturing Expansion New Markets Tax Credit