New Markets Tax Credit Investments
AGP Storage FacilityAberdeen, Washington
CityScape Capital Group assembled the key tax credit equity financing for the $63.4 million AGP Storage & Export Facility expansion project located at 111 S. Wooding Street in Aberdeen, WA.
Ag Processing Inc. (AGP) has successfully completed the development of an integrated grain and oilseed storage and export facility at Terminal 2 of the Port of Grays Harbor in Aberdeen, WA. It is estimated that the project created 96 new construction jobs and 60 new full-time permanent jobs while saving another 31 full-time permanent jobs.
Serving as a gateway destination for US grain exports, the Storage & Export Facility consists of a railroad receiving building and six concrete silos with a storage capacity of 52,450 metric tons (2,065,000 bushels) of grain and oilseed. Alongside the Port's new state-of-the-art ship loading facility, the storage facility is a key component of a joint plan by AGP, the Port of Grays Harbor, and Pacific Railroad to develop a modern deep-water port with strategic access to Pacific Rim markets. Ag Processing Inc. has headquarters in Omaha, NE and is owned by approximately 180 local cooperatives representing over 250,000 farmers throughout the Midwest.