New Markets Tax Credit Coalition

  • Rockford,
  • IL
  • (2023)

Leading Edge Hydraulics

District: Eric Sorensen (D-IL17)

Investment

  • NMTC Amount: $225,000
  • Total Project Cost: $1,500,000

IMPACT

  • 60 FTE jobs
  • 40 jobs created and 20 jobs retained.

CDEs

Investor

Project Description

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 Manuli, LEH works with end users such as Caterpillar, Skyjack, and JCB to design and produce customized tube/hose configurations and couplings for the hydraulic and cooling systems within their equipment. Our financing supported the company plans to use the capital for additional equipment and working capital.

MAP

Address: 1800 16th Ave, Rockford, IL 61104

Census Tract: 17201001800

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