Story: Mannington Mills
Mannington Mills, Inc. is a fourth-generation, family-owned business founded and headquartered in Salem, NJ. The company manufactures and markets residential and commercial vinyl, laminate, hardwood, carpet, and rubber.
Mannington is committed to sourcing jobs locally and investing in training programs to ensure its employees have opportunities for growth within the company. To further its commitment to accessible jobs, Mannington partners with a local homeless shelter to aid in reintroducing displaced individuals to the workforce. Through this job program, Mannington teaches, trains, and cultivates skills within these individuals that are necessary for success in the workplace. The company also supports a program for at-risk high school students to work alongside employees.
Mannington Mills used New Markets Tax Credit (NMTC) financing to expand its prototype production facility for “Rigid Core” snap-in vinyl flooring, which they had previously imported from China. The $29 MM project included the acquisition and construction of a new $8.3 MM 194,000 SF production facility, the purchase and installation of $16 MM of equipment for new production lines for the Rigid Core product, and $2.5 MM for working capital.
- $7.2m Broadstreet NMTC Allocation
- 107 Permanent Jobs Created
The company had an operational prototype line to produce the durable, easy-to-install Rigid Core flooring but was unable to produce enough volume to meet market demand. NMTC financing enabled Mannington to create 22 production lines for Rigid Core flooring. Mannington has created 107 full-time jobs, all of which pay above living wage and include a comprehensive benefits package.