Brad Finstad (R-MN01)

Tax Staffer: Tyler Dunn, tyler.dunn@mail.house.gov.

District Highlights

16 projects
201,690,775 in NMTC allocation
549,605,086 total project financing
943 FTE jobs created or retained
1,367 construction jobs created
10 manufacturing businesses

16

projects

$201,690,775

NMTC Allocation

$549,605,086

in total project financing

943

FTE jobs

1,367

construction jobs

10

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Climate by Design International, Inc.

Owatonna,
MN
(2022)

Manufacturing

CDE(s): Mascoma Community Development, Midwest Minnesota CDC, University Financial Corp.

The acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility

KAMP Automation

Owatonna,
MN
(2023)

Manufacturing

CDE(s): Mascoma Community Development

The project consisted of the refinance and acquisition of land, which KAB Properties purchased from the City of Owatonna in February 2023, and finance building construction costs for an approximately

Birds Eye Peas

Waseca,
MN
(2021)

Food Manufacturing

CDE(s): CRFUSA, Midwest Minnesota CDC, Waveland Community Development

Financing for a rural manufacturing/production facility that processes and packages pea for national distribution.

Boys & Girls Club and Head Start Program

Rochester,
MN
(2012)

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

CDE(s): Midwest Minnesota CDC, USBCDE

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

Viracon Glass

Owatonna,
MN
(2016)

Business Development, Hotels and Tourism, Manufacturing, Rural

CDE(s): CEI Capital Management, Wells Fargo

When it comes to architectural design, glass is big, and it’s only getting bigger.

AGCO

Jackson,
MN
(2011)

Business Development, Manufacturing, Rural

CDE(s): Midwest Minnesota CDC

AGCO is a leading global manufacturer of agricultural equipment, offering a full line of tractors, combines, hay tools, sprayers, and forage and tillage equipment, which are distributed in more than

Watonwan Farm Service

Delavan,
MN
(2011)

Co-ops, Infrastructure, Manufacturing, Plastics and Chemicals, Rural, Timber and Agriculture, Transportation and Ports

CDE(s): Rural Development Partners

The construction of a new high-speed working grain shuttle house and rail terminal facility.

Vortex Cold Storage

Albert Lea,
MN
(2021)

Business Development, Co-ops, Food Manufacturing, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Midwest Minnesota CDC

Development of a state-of-the-art temperature-controlled warehousing to support Agribusiness and Food Distribution business supply chains in the Southern Minnesota and Northern Iowa regions.

Projects Nearby the District

La Crosse, WI (2006)

Watermark Redevelopment

View Details

Lacrosse, WI (2005)

Main St Ingredients

View Details

Projects Nearby the District

La Crosse, WI (2006)

Watermark Redevelopment

View Details

Lacrosse, WI (2005)

Main St Ingredients

View Details