New Markets Tax Credit Coalition

  • Saint Charles,
  • MO
  • (2022)

Diode Dynamics

District: Bob Onder (R-MO03)

Diode Dynamics, LLC, a St. Louis-based automotive lighting manufacturer and retailer, will expand its St. Charles, Missouri operations

Investment

  • NMTC Amount: $4,000,000
  • Total Project Cost: $4,000,000

IMPACT

  • 150 FTE jobs

CDEs

Investor

Project Description

Diode Dynamics, LLC, a St. Louis-based automotive lighting manufacturer and retailer, will expand its St. Charles, Missouri operations using $4 million in New Markets Tax Credits (NMTC). The financing will provide flexible working capital for Diode Dynamics to meet growing demand, invest in research & development, and expand its workforce of 87 full-time staff to over 150 in the coming years. “This investment enables Diode Dynamics to accelerate growth, expanding our workforce as we engineer and produce more cutting-edge LED lighting products for the automotive industry, right here in St. Charles, Missouri. As a local resident, I am privileged to provide more quality jobs to the region, and help support the overall growth of the community,” said Paul McCain, CEO and majority owner of Diode Dynamics.

MAP

Address: 3870 Millstone Parkway, Saint Charles, MO 63301

Census Tract: 29183311500

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