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SECDE Ventures, LLC announces the closing of New Markets Tax Credits Financing in the aggregate of $35.5 million for Schulz Xtruded Products, LP's (SXP) new pipe manufacturing facility in Tunica County Mississippi. SXP is a member of The Schulz Group of companies headquartered in Krefeld, Germany. The NMTC financing preserves SXP's $300 million investment commitment and its five-year target of bringing 500 new jobs to Tunica County.

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SECDE Ventures, LLC (SECDE) targets projects that create an instant economic impact with employment growth, follow-on investments, and additional tax revenues. SECDE offers favorable below-market debt and equity products to manufacturing companies, healthcare facilities, and major commercial developments. SECDE undertakes extensive due-diligence to discover projects that demonstrate the ability to generate lasting employment, economic and community impacts for the low-income communities of Mississippi.

In addition, SECDE is able to further subsidize projects by taking advantage of the Mississippi Equity Investment Tax Credit that acts as a companion to the federal NMTCs, and is administered by the Mississippi Development Authority.