Navy Island Inc.

West Saint Paul,
MN
(2019)

Navy Island Inc.

Business Development, Manufacturing

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Investment

NMTC Amount: $3,092,784
Total Project Cost: $5,087,207

IMPACT

200 FTE jobs
As a manufacturing company, Navy Island employs lower income workers with generous wages and benefits and develops its employees with new higher value skills. This strengthens the quality of the employee and their families which in turn strengthens the local community. Navy Island also offers full health insurance for each full time employee and a 401K retirement plan with matching contributions.

CDEs

University Financial Corp.

Investor

Sunrise Bank

Project Description

Due to the growth of Navy Island, a 92,000 sq. ft manufacturing facility and several pieces of woodworking equipment were purchased in 2017.

MAP

Address: 1777 Oakdale Avenue, West Saint Paul, MN 55118

Census Tract: 27037060105

Other Minnesota Projects

Minneapolis American Indian Center

Minneapolis,
MN
(2022)

Community, Healthcare

CDE(s): Midwest Minnesota CDC, Old National CDE Corporation, University Financial Corp.

NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive

Washburn Center For Children

Minneapolis,
MN
(2019)

Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): Capital City Properties, United Fund Advisors, USBCDE

New facility to serve the Twin Cities area as a center of excellence in children’s mental health.

The Wycliff

Saint Paul,
MN
(2020)

Business Development, Community, COVID-19, Disaster Recovery, Food Manufacturing, Incubator, Makerspace, Manufacturing, Parks and Forests, Retail

CDE(s): University Financial Corp.

The Wycliff’s project goals were strongly geared toward providing for small businesses and growing jobs, bringing over 500 permanent jobs to the Midway community. Evenwhile the 2020 COVID19 pandemic brought

Boys & Girls Club and Head Start Program

Rochester,
MN
(2012)

Boys and Girls Clubs, Community, Recreation, Youth and Families

CDE(s): Midwest Minnesota CDC, USBCDE

Financing for the Child Youth Services Center with boys and girls club and headstart