Enhanced Capital Closes Financing with Cabinet Concepts, Reinvigorates Georgia’s Manufacturing industry
EATONTON, Georgia, Jan. 22, 2019 (GLOBE NEWSWIRE) -- A shuttered manufacturing facility in rural Eatonton, Georgia, will re-open its doors and restore dozens of jobs thanks to an investment from Enhanced Capital through the Georgia Agribusiness and Rural Jobs Program.
With over 35 years of experience in the fabricated wood millwork industry, George Habib has opened Cabinet Concepts, manufacturing affordable cabinets for new home construction as well as kitchen and bath renovation projects. The products will be sold to homebuilders, retailers and contractors throughout the southeastern United States.
The new company will utilize a property formerly owned by Horton Components, a company affiliated with Horton Homes. After Horton closed in 2016, after many years of struggling to recover from the housing crash and recession of 2008, many residents were unemployed or forced to commute long distances to find work.
As a result, Cabinet Concepts is filling a major void in the community. The company is expected to create at least 50 permanent new jobs.
“We are thrilled to open this business and work with a skilled workforce to meet the needs of our customers,” said Habib, CEO of Cabinet Concepts. “The financing and expertise provided by Enhanced Capital was crucial to getting this company off the ground.”
Enhanced Capital provided Cabinet Concepts with capital through its Georgia Agribusiness and Rural Jobs Fund, which was created through the Georgia Agribusiness and Rural Jobs Act. Established by the Georgia General Assembly in 2017, the program was designed to bring flexible financing options to rural, small businesses that would otherwise be unable to secure funding from traditional investors and provide economic growth opportunities within their community.
“The Georgia Agribusiness and Rural Jobs Fund has been instrumental in supporting small businesses and rural economies,” said Doug Beekman, Director of Enhanced Capital. “We look forward to working alongside Georgia companies like Cabinet Concepts and providing them with the capital to achieve their growth goals.”
Georgia small business owners and economic development leaders can learn more about Enhanced Capital’s Georgia Agribusiness and Rural Jobs Fund by contacting Doug Beekman at firstname.lastname@example.org.
About Enhanced Capital:
Enhanced Capital is a diversified, national asset manager that invests capital into small businesses, renewable energy projects, historic real estate rehabilitation and affordable housing projects through federal and state incentive programs and other public policy investment strategies. Enhanced creates customized solutions for tax credit and mission-focused investors based on their investment needs, including CRA requirements, geographic footprint of investments, and investment product type. To learn more, visit our website: http://enhancedcapital.com/.
Contact: Samantha Siegner Email: Samantha[at]thinkhubbell.com