Heartland Renaissance Fund of Little Rock announced Tuesday that it will invest $10 million in a new SGL Group facility in Ozark. SGL manufactures graphite and carbon electrodes and other carbon-based products. Its Ozark operation, opened in 1981, employs roughly 90. Heartland’s investment is a part of a $26 million overhaul of the Ozark plant, announced in April, that it says will replace current operations with a state-of-the-art graphitization process for the manufacture of graphite electrodes, used for the production of steel in electric arc furnaces. The new plant is expected to be completed by June 2015. The Heartland investment is being made as part of the federal New Markets Tax Credits Program. Heartland is an affiliate of Arkansas Capital Corporation. Heartland has received a New Markets Tax Credit allocation of $200 million, and is working to deploy low-cost capital to businesses throughout Arkansas. It is a private, nonprofit corporation established in 2002 for the sole purpose of distributing New Markets credits. Read the full article from Arkansas Business here: Heartland Fund of Little Rock Invests $10M in SGL’s Ozark Plant
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