Business, finance and tax ·
ResinTech closes tax-credit financing for Camden manufacturing expansion
By Workvado / Litequo LLC · Published · Updated
The Oct. 22 financing close supports a planned 34,500-square-foot addition for water-treatment resin production and warehouse space.
New Jersey Community Capital announced on Oct. 22 that it had closed USD 15 million in New Markets Tax Credit financing for ResinTech’s manufacturing and warehouse expansion in Camden, New Jersey. The package supports a 34,500-square-foot addition as part of an approximately USD 18.6 million project. ResinTech makes ion-exchange resins used in water and wastewater filtration. Construction was expected to start in October 2026 and conclude in October 2027, according to the financing announcement.
The transaction is significant because the financing close turns a project plan into a funded development step, although it does not establish that construction mobilization has occurred. The announced project budget and financing amount are different measures: USD 15 million is the NMTC financing transaction, while approximately USD 18.6 million is the expected total project cost. JPMorgan Chase supplied an additional USD 3 million in NMTC allocation, bringing total allocation for the project to USD 18 million. These tax-credit figures should not be added to the total project cost as though all were separate construction spending.
The expansion is expected to retain 259 existing jobs, add 100 permanent full-time jobs and support about 113 construction jobs. Those are projections attached to the project, not hires or construction positions already realized. A financing announcement does not guarantee the timing or number of jobs. Workforce outcomes will depend on construction sequencing, equipment installation, commissioning and the company’s production ramp after the addition is complete.
New Markets Tax Credits are designed to attract private investment to businesses and real estate projects in low-income communities through tax-credit incentives to investors. In this case, a community development finance institution and a bank investor are part of the financing structure. That matters for contractors because complex capital stacks can include multiple conditions before funds flow, while project teams still need to secure permits, construction contracts, equipment orders and working capital.
ResinTech’s Camden campus previously received tax-credit financing for its move from West Berlin, and the company later added warehouse space. The latest investment is a separate expansion phase rather than a repeat announcement of the original campus. The new addition is planned to support both manufacturing and warehousing. The public release does not disclose the building design, equipment list, general contractor, site plan or exact trade packages, so construction firms should monitor the project’s procurement notices rather than infer work scopes from the square-footage figure alone.
The project also has a local workforce component. ResinTech said it has a community benefits agreement with Camden and a work-study program with Mastery High School of Camden. Those commitments can connect a factory expansion to local hiring and training, but the release does not quantify how many future positions will be filled through either channel. The projected 100 new positions should therefore be treated as a company forecast, not a guaranteed local hiring quota.
For the construction market, the immediate story is capital formation for a modest industrial addition, with construction dates and employment projections still ahead. The next useful milestones are a permit filing, construction contract disclosure, site mobilization and equipment installation. The project’s water-treatment products add strategic context, but the financing itself does not prove a change in resin output or product availability until the facility is built, commissioned and operating.
- Financing close
- USD 15 million in New Markets Tax Credit financing announced October 22, 2026
- Planned project
- Approximately USD 18.6 million; 34,500-square-foot addition
- Projected employment
- Retain 259 jobs, add 100 permanent positions, support about 113 construction jobs
Sources
- NJCC Closes $15 Million NMTC Financing to Support ResinTech Expansion and Economic Growth in Camden, ResinTech / New Jersey Community Capital announcement, read October 27, 2026
- New Markets Tax Credit Program, U.S. Department of the Treasury, CDFI Fund, read October 27, 2026
- ResinTech news and events, ResinTech, read October 27, 2026