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Noel Foundation major gift and New Markets Tax Credits push CMIT campaign over $18 million

BRF’s Center for Molecular Imaging and Therapy (CMIT) campaign moved past the $18 million mark with recent private donations and support through the Louisiana New Markets Jobs Tax Credit. The new CMIT is a $19.5 million initiative to expand CMIT’s patient imaging services, its clinical and translational research program, and its production capabilities with novel radiopharmaceuticals to detect and treat disease.

BRF qualified for the state New Markets Jobs Tax Credit which helps economically distressed communities attract private capital. Funds were allocated by specialty finance firm Stonehenge Capital, which was introduced to the project by Crescent Growth Capital.

“The addition of the New Markets Tax Credit Program to our campaign helps BRF continue to revitalize a blighted former industrial area and improve CMIT collaborations with multiple institutions, advancing its focus on targeting multiple diseases such as Alzheimer’s, cancer, and hyperinsulinism using multiple radiopharmaceuticals,” said Pradeep Garg, Ph.D., Executive Director of CMIT.

“Stonehenge Capital’s investment in CMIT not only fulfills our mission of investing capital in low-income communities but also supports an impact business with a long history of serving the residents in those communities,” said Keith Jones, Assistant Vice President at Stonehenge Capital.

“This significant investment in the CMIT building and acquisition of high-end equipment will help CMIT provide the most up-to-date molecular imaging diagnostic and therapeutic care to our region,” said James D. Dean, BRF Executive Vice President and COO. Dean also noted that, “Since the BRF Imaging Center opened in 1995, BRF has provided over $30 million in free scans to over 10,000 indigent patients.”

“The CMIT campaign goal of $19.5 million is now 93 percent complete,” noted John F. George Jr., M.D., BRF President and CEO. “We also submitted a proposal that has received the attention of the William Randolph Hearst Foundation headquartered in New York/San Francisco which is considering a major matching grant to support the campaign in leveraging additional funds. We appreciate all who have supported the campaign and encourage others to consider making a gift as we raise the final $1.2 million.”

The most recent major gift to the CMIT campaign was made by the Noel Foundation.

To learn more about the new CMIT, please visit thenewcmit.org. To donate, please visit brfla.org/donate-now.

National beverage manufacturer Multipack Services to host job fair for wide range of open positions.
National beverage manufacturer Multipack Services, which packages and distributes beverages for nationally recognized brands, is hosting a job fair Tuesday, Oct. 8 from 10 a.m. to 3 p.m. at its Shreveport location.
Multipack is located at 2791 Valley View Drive in Shreveport.

Job titles for open positions include: Quality Manager, Quality Technician, Maintenance Manager, Maintenance Technician, Warehouse Manager, Warehouse Technician, Operations Supervisor, Operations Manager and Packaging Technician.

Starting wages will be $18 per hour and above. Some positions are salaried.

For more information on positions for hire, visit BRFLA.org/jobfair. Candidates should be prepared for on-site interviews.
“This job fair is an opportunity for people to join a new build and a national company at our Shreveport location in our first round of staffing. It’s not an everyday opportunity, and we’re looking for individuals who are high energy and want to start their new career,” said Justin Wilkinson, Vice President of Operations.

Louisiana Economic Development (LED), Multipack Services and regional and state economic development partners BRF, North Louisiana Economic Partnership and the Caddo Parish Industrial Development Board announced Multipack Services’ new location in December of last year.

The company expects to create 141 direct new jobs with an average annual salary of more than $51,000. LED estimated that the project would result in an additional 228 indirect jobs, for a total of 369 new jobs in the Northwest region.

“Multipack is ready to gear up its operation in its state-of-the-art facility to offer a wide range of services, including product specifications and design. The site is expected to produce more than 100 million cans of beverage products per year. We hope that the community is ready to join in on the ground floor of this operation and be a part of this scale-up,” said John George Jr., M.D., BRF President and CEO.

The job fair is sponsored by BRF, Career Adventures and Lagniappe Sourcing Consulting.