MuniStrategies LLC, a community development entity (CDE), has been awarded the 2015 Operating Business QLICI of the Year Award by the Novogradac Journal of Tax Credits for its investment in Winston Plywood & Vaneer.
On April 28, 2014, a devastating EF-4 tornado struck the City of Louisville, Mississippi. Ten lives were tragically lost, and dozens more from the community were injured. The plywood mill located in Louisville was in the direct path of the tornado and was completely destroyed. Through a variety of federal, state and local incentives, including federal and state new markets tax credits, a new state-of-the art mill is being rebuilt. The new mill will have expanded capacity and employment at the new mill will be more than double the number previously employed at the mill. Jones Walker served as CDE counsel for this transaction.