#United States #Madison #UB Community Development #New Markets Tax Credit #BioActive Forages

Major Development in Madison County

A new industrial initiative in Madison County, Florida, is set to make a significant impact on the local economy. UB Community Development (UBCD), known for its community-driven financial strategies, announced a $35 million financing commitment alongside a $9 million allocation from the New Markets Tax Credit (NMTC) program, aimed at establishing a state-of-the-art facility for BioActive Forages.

BioActive Forages, spearheaded by Dr. R. Greg Stewart—a veterinarian with nearly four decades of experience—aims to enhance the livestock feed industry by producing premium feed pellets from legumes like alfalfa and perennial peanuts. The organization seeks to address several pressing issues in the agricultural sector such as farmland rejuvenation, farmer economics, and livestock health, positioning itself as the first alfalfa pellet manufacturer in the Southeast United States.

Collaboration and Job Creation

Dr. Stewart has teamed up with Aaron Nowak, a finance sector expert with over 15 years of experience, to bring this vision to life. Their combined expertise not only positions BioActive Forages for success but also signifies a broader commitment to creating quality jobs within the rural community of Madison County. As Alex Jones, President of UBCD, emphasizes, this initiative reflects a long-standing tradition of the bank to support agricultural development and rural communities.

The 57,000-square-foot facility is projected to create 62 full-time jobs, and UBCD plans to provide job training in collaboration with local educational institutions, community colleges, and workforce agencies. This approach not only targets economic growth but also fosters skill development, preparing the future workforce for emerging opportunities.

Focus on Sustainable Agriculture

The pellets produced at BioActive Forages will utilize innovative methods to enhance feed quality while addressing environmental concerns related to pasture management. By focusing on legume products that improve soil health and provide protein for livestock, the facility tackles multiple problems associated with the current feed market. This sustainable approach is critical in ensuring healthier animals, better yields for farmers, and contributing to the ongoing efforts for maintaining grass-fed designations.

A Bright Future Ahead

UB Community Development's backing of this venture is a testament to its mission of uplifting communities through sustainable business practices and investments. They have a significant history of engaging with various sectors, including healthcare, education, and community development, to foster growth and enhance living standards in various regions. This project signifies an important step forward—creating not only a robust facility for BioActive Forages but also revitalizing the local economy of Madison County.

As the project progresses, the anticipated benefits extend beyond job creation and economic growth. This initiative is part of a broader movement towards innovative agricultural practices, ensuring that local farmers and the community at large can thrive in a sustainable manner. Such developments underscore the potential role of community-focused funding in shaping vibrant local economies in rural America, setting a precedent for future investments of this nature.

In conclusion, as Madison County embarks on this promising journey towards industrial development, the collaboration between UBCD and BioActive Forages serves as an inspiring example of how targeted investments can lead to meaningful change, benefitting not only the economy but also the agricultural sector and the community as a whole.