MARTINSVILLE, VA. — Monogram Foods, with assistance from CEI Capital Management LLC (CCML), secured $8 million in New Markets Tax Credit (NMTC) financing to proceed with an expansion of the company’s Martinsville, Va., manufacturing plant.

Monogram plans to expand its production capacity at the facility by 80% to meet rising demand for the company’s ready-to-eat jerky and meat stick snacks. The company also expects to add 156 jobs to the 530-employee base, securing its rank as the second-largest private employer in Henry County, VA.

Dudley Ventures / Valley National Bank provided the New Markets Tax Credit equity and CCML was joined by co-allocatees Stonehenge Community Development LLC and The Community Business Investment Fund. Hope Community Capital served as investment consultant to CCML.

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