National New Markets Fund Invests $20 Million in New Markets Tax Credit Financing to Support Upgrade of American Cast Iron Pipe Company Manufacturing Operations in Birmingham, AL

LOS ANGELES–(BUSINESS WIRE)–National New Markets Fund, LLC (“NNMF”), an affiliate of Los Angeles-based SDS Capital Group, has invested $20 million in New Markets Tax Credits (“NMTC”) to modernize furnaces at the American Cast Iron Pipe Company (ACIPCO) Manufacturing Plant in Birmingham, AL. The $285 million improvement program will create 80 to 100 full-time jobs and retain an additional 1,775 positions, bringing greater economic opportunity to surrounding communities through high-quality, hig