NYX Linden | Impact in Action
December 2, 2024Manufacturing Job Creation
Perry County’s largest employer, NYX Linden, has employed over 250 team members as an automotive parts manufacturer. After securing contracts to supply parts and components for several new vehicles, the demand required an expansion of its facilities and operations to ensure continued success in serving its clients and supporting the local economy.
NYX accessed $29.5 million in New Markets Tax Credits in 2023 to facilitate its expansion, adding 64,000 square feet to its facilities and investing in new and innovative equipment to accommodate projected growth. Pathway Lending allocated $7 million in New Markets Tax Credits, contributing to the lasting community benefits, with the creation of 140 permanent full-time jobs in the rural community.
These jobs offer benefits, job training, and an average hourly wage of $18.95, ensuring sustainable economic growth and quality employment opportunities for residents. Environmental sustainability is also top-of-mind through this expansion, with measures to reduce water consumption, increase recycling and reuse of manufacturing scraps, and install high-efficiency equipment to reduce energy consumption.
