#United States #Birmingham #American Cast Iron Pipe #UBCD #Birmingham AL

Investment Overview

UB Community Development, LLC (UBCD), a community-focused financial partner, has recently unveiled plans to fund a substantial $10 million through New Markets Tax Credits. This financial infusion aims to upgrade manufacturing operations at the American Cast Iron Pipe Company (ACIPCO) in Birmingham, Alabama. The investment represents a key step towards modernizing the production capabilities of this historic company.

Project Scale and Economic Impact

The initiative, valued at approximately $285 million, is designed not only to enhance the manufacturing processes but also to generate significant employment opportunities for the community. With expectations to create between 80 to 100 full-time positions and retain around 1,775 existing jobs, UBCD's investment is poised to stimulate the local economy substantially. This move aligns perfectly with UBCD's mission of advancing community well-being by fostering economic growth.

Commitment to Modernization and Sustainability

ACIPCO, established in 1905 and an employee-owned entity since 1924, is recognized as one of the leading manufacturers of ductile iron pipe and fire hydrants for the waterworks industry. The upcoming upgrades will transition the manufacturing process from a traditional single cupola furnace to four state-of-the-art electric coreless induction furnaces. This transition is not just a technological upgrade; it represents a commitment to sustainability—anticipated to increase melting capacity by 25% while reducing greenhouse gas emissions by at least 50%.

Alex Jones, President of UB Community Development, expressed enthusiasm about the collaboration with ACIPCO, stating, "From our first introduction to ACIPCO and learning about their impact on the community, we knew this was an important project for the region. ACIPCO's commitment to their employees and the community aligns perfectly with UBCD's mission."

Long-Term Vision

This investment is not only a financial transaction but a strategic commitment to ensure economic viability for future generations. By enhancing manufacturing operations, UB Community Development aims to provide lasting benefits that will extend beyond immediate job creation, fostering a robust community landscape.

The improvements reflect a broader vision of economic development within the region, one that emphasizes high-quality, well-paying jobs. This aligns with UBCD's broader initiatives across healthcare, education, and affordable housing sectors—positions that contribute to a thriving community.

About UB Community Development

UB Community Development is headquartered in Atmore, AL, and boasts a rich history and expertise in New Markets Tax Credit transactions. Their passion for uplifting communities through economic and social growth makes UBCD a prominent financial partner for development projects across various sectors. With initiatives that impact healthcare, education, and community infrastructure, UBCD continues to set the standard for community-focused financial partnerships.

For additional information regarding UB Community Development or to learn about ongoing projects, visit www.UBCommunityDevelopment.com.

As the Birmingham community braces itself for the transformations ahead, this investment marks a significant milestone in modern manufacturing and community enrichment, underscoring the importance of partnerships that prioritize local growth and sustainability.