OnCall Imaging
This project will finance the build out and equipment purchases for an existing medical imaging center in Rock Falls, IL. The facility will offer non-invasive imaging services and testing. Additionally, it is designed to be inclusive, serving all individuals, regardless of their ability to pay. This is an excellent example of how NMTCs and Community […]
Leading Edge Hydraulics
LEH, founded in 1965, manufactures fluid conveyance systems for use in equipment and heavy machinery in the agricultural, construction, material handling, mining, forestry, groundskeeping, transportation, and alternative energy industries. LEH has OEM alliance partnerships with CEJN, a Swedish coupling manufacturer, and Manuli Hydraulics (“Manuli”), an Italian hose manufacturer. Utilizing novel technology from the CEJN and […]
Beth Payne, Central States Development Partners, Inc., Rock Island, IL
As a CDE that has had the privilege of being allocated six consecutive federal NMTC, Central States Development Partners has played a pivotal part in creating and retaining 10,729 jobs in severely distressed census tracts where bankruptcy rates are 25% higher than national norms, low wage jobs account for 10% more of the job pool, […]
Cindy Berg, Economic Growth Corporation, Rock Island, IL
The NMTC program was critical to the completion of two of our housing developments, one in Clinton, IA and one in Springfield, IL. Both projects would not have been able to have been completed without NMTC and thanks to the program, two historic buildings were revitalized (rather than demolished) and now provide 58 new housing […]
Snak King
NMTC financing supported 192 jobs at a food manufacturer in Freeport, IL.
RCE Equipment Solutions
NMTC financing supported the operations of a Rockford, IL railroad equipment manufacturer.
Bethany for Children & Families
NMTC financing supported Bethany for Children & Families, a nonprofit with a mission to keep children safe, to strengthen families, and to build healthy communities.
HALO Branded Solutions – Phase II
Construction of a new 276,315-square-foot warehouse building in Sterling, IL.
Construction of Indoor Rockford City Market Begins
Kone Center
Headquarters for Kone Company and other – mixed-use, including retail, office and additional public amenities: This project is part of a multi-stage development plan that includes the participation of the City of Moline and Renew Moline. The Kone Building will serve as the new North American headquarters for Kone Corporation, one of the global leaders […]
Green Current Technologies
Finances the renovation of two buildings -a 32,000 sq. ft. warehouse and a 71,000 sq. ft. manufacturing facility and office -plus the purchase and installation of equipment for Green Current Technologies.
Chem Processing Inc.
Expansion of existing commercial building for a chem manufacturer Central States provided $2.2 million in New Market Tax Credit financing to support a 35,000 sq. ft. new manufacturing and warehouse space.
Eric Sorensen (D-IL17)
Bend XPO
Construction of a 100,000 sq. ft. events and community center which provides space for local nonprofits, tractor and machinery auctions, and adaptable space to host regional sporting and local corporate events.
Rockford City Market
The revitalization of downtown Rockford took another step forward with the rehabilitation of the indoor City Market at a vacant building in the 100 block of North Madison Street.
McLaughlin Body Company
Financing for a metal fabrication company with a emphasis on the manufacturing of cabs used in the agriculture and construction industries.
Chestnut Family Health Center
Chestnut Family Health Cente is a FQHC that provides primary care and behavioral healthcare services both directly and indirectly through collaborative relationships.
Brian Hollenback, President/ CEO, Central States Development Partners, Inc., Rock Island, Illinois
Since 2016, Central States’ NMTC allocation brought $192 million in project value to highly distressed areas within six states. Central States worked swiftly to invest in highly distressed census tracts that exhibit high rates of housing need or rent burden, low-median worker wage rates compared to the area, high percentages of poverty, and high needs […]
Dirk Meminger, Board Member, Bridge Investments, Rock Island, Illinois
NMTC’s provide capital to assist in funding the development and expansion of businesses that then expand employment and the financial well being of communities.