United Bancorporation Alabama unit UB Community Development provides $10 million NMTC financing for Albertville cold-storage project

Bitget2026/10/02 13:45

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United Bancorporation of Alabama unit UB Community Development provided $10 million of New Markets Tax Credit financing for PermaCold Logistics.
Funding supports a 121,270-square-foot cold storage warehouse in Albertville, Alabama, part of a broader $40 million NMTC capital stack.
Project targets Northern Alabama food supply chains, with PermaCold projecting up to 50 permanent jobs.
UB Community Development reported $57 million placed year-to-date 2026 across six Southeast projects, supporting $290 million of total investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Bancorporation of Alabama Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610020945PR_NEWS_USPR_____CL62617) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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United Bancorporation Alabama unit UB Community Development provides $10 million NMTC financing for Albertville cold-storage project

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