Paris, Texas: The HWH Group announced the closing of a $13 million project for EURO USA on March 22, 2017. This New Market Tax Credit (NMTC) allocation will allow EURO USA to acquire, rehabilitate and equip an industrial manufacturing facility in Paris, Tennessee.
The New Markets financing allows EURO USA to retain 68 jobs for the local community as well as create 120 new full-time, permanent, highly skilled jobs with benefits and advanced training programs.
About EURO USA: Euro USA is a joint venture formed by Euro group SPA of Italy and Kuroda Precision Industries Ltd. of Japan to start up operations in the United States to manufacture electrical steel laminations for producing hermetically sealed refrigeration compressors and to rapidly expand productions into cutting-edge power generation technologies. The two companies are leaders in the electrical steel laminations industry and possess advanced capabilities and significant knowledge in their respective European and Asian operations.
About HWH Group: The HWH Group, based in Paris, Texas, is the site selection and incentives unit of Harrison, Walker & Harper. Its staff members serve as growth consultants for national clients seeking to expand their businesses or institutions. They are sought-after experts in facilitating New Markets Tax Credits and other programs that advance economic and community development.
About Harrison, Walker & Harper: Harrison, Walker & Harper, founded in 1887, builds, renovates and maintains operations and infrastructure for public and private sector clients throughout Texas, Oklahoma, Arkansas and Louisiana. We have offices in Paris and San Antonio, Texas, as well as Oklahoma City, and a professional staff dedicated to flawless execution.