Rich Products, a global family-owned food company, and National New Markets Fund have announced today that the second phase of Rich’s Brownsville, TX manufacturing facility expansion is underway. NNMF, an affiliate of Los Angeles-based SDS Capital Group, will invest $17.5 million of its New Markets Tax Credit (NMTC) allocation to support the 150,000-square-foot expansion, which will increase Rich’s production capacity for its growing branded appetizer business.
Rich’s largest capital campaign to date, the $117 million expansion comprises two phases. Phase two, slated to be completed in July 2025, will add capacity for greater production capabilities and storage. The first phase, which began in 2023, included the development of a new frozen warehouse that is expected to open this summer. Upon completion, the full expansion project is expected to create more than 130 full-time jobs, 70% of which are slated to be filled by members of Brownsville’s marginalized communities.