Eric Sorensen (D-IL17)

Tax Staffer: Meryl Harold, meryl.harold@mail.house.gov.

District Highlights

27 projects
218,543,604 in NMTC allocation
284,325,821 total project financing
2,973 FTE jobs created or retained
1,080 construction jobs created
17 manufacturing businesses

27

projects

$218,543,604

NMTC Allocation

$284,325,821

in total project financing

2,973

FTE jobs

1,080

construction jobs

17

manufacturing and industrial businesses supported

NMTC Project Profiles (Inside the District)

Bend XPO

East Moline,
IL
(2020)

Community, Mixed-use, Nonprofit Hub, Retail, Theaters and Performing Arts Spaces

CDE(s): Central States Development Partners, Consortium America, Enhanced Capital

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

OnCall Imaging

Rock Falls,
IL
(2023)

Healthcare

CDE(s): Central States Development Partners

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,

Green Current Technologies

East Moline,
IL
(2021)

Manufacturing, Plastics and Chemicals

CDE(s): Central States Development Partners

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

PMI Aerospace, Inc.

Rockford,
IL
(2024)

Manufacturing

CDE(s): Advantage Capital

A major investment project is driving industrial growth and employment in Rockford, IL

Parr Instrument

Moline,
IL
(2024)

Manufacturing

CDE(s): Central Bank of Kansas City, FirstPathway Community Development

Parr Instrument Company Expands for the First Time in 30 years Increasing Production Capacity in Severely Distressed Community in Moline, IL.

Leading Edge Hydraulics

Rockford,
IL
(2023)

Manufacturing

CDE(s): Community Development Venture Capital Alliance

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

Snak King

Freeport,
IL
(2019)

Food Manufacturing

CDE(s): Midwest Renewable Capital

NMTC financing supported 192 jobs at a food manufacturer in Freeport, IL.

RCE Equipment Solutions

Rockford,
IL
(2014)

Manufacturing

CDE(s): Business Valued Advisor Fund

NMTC financing supported the operations of a Rockford, IL railroad equipment manufacturer.

Bethany for Children & Families

Moline,
IL
(2007)

Youth and Families

CDE(s): IFF

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

Sterling,
IL
(2019)

Business Development, Manufacturing

CDE(s): Central States Development Partners, FirstPathway Community Development, SCORE

Construction of a new 276,315-square-foot warehouse building in Sterling, IL.

Kone Center

Moline,
IL
(2010)

Mixed-use, Retail

CDE(s): Cinnaire New Markets, Waveland Community Development

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

Chem Processing Inc.

Rockford,
IL
(2017)

Food Manufacturing, Manufacturing

CDE(s): Central States Development Partners

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