Manufacturing has been the most popular use of NMTC-financing for several years running. In 2018, CDEs financed 53 manufacturing projects and an additional 26 projects included a manufacturing component. Altogether, those projects supported 193 manufacturing businesses ranging from a jewelry manufacturer in Philadelphia, PA to a 250,000 sq. ft. expansion of a fiberboard manufacturer in Barnwell, SC.
193
Businesses Supported
6.7M
Sq. Ft. of Industrial Space
12K
FTE Jobs
2018 Manufacturing Project Examples
Flex-N-Gate, Detroit, MI
Flex-N-Gate will be the largest auto supplier investment in the City in more than two decades and will initially provide world-class quality, time-sensitive components to Ford Motor Company. With an unemployment rate of over 32.9%, the project will create 480 FTEs upon start of production with up to 800 total FTEs created at production capacity and 259 new construction jobs.
Stadler Rail, Salt Lake City, UT
Stadler Rail will construct a new 226,000 sq. ft., state-of-the-art manufacturing facility for light rail passenger cars in Salt Lake City where they will build and assemble trains for transit properties throughout the US. The Project will allow the Sponsor to create quality jobs, an apprenticeship training program, develop infrastructure, and have a substantial production capacity and 259 new construction jobs.
The project involves the new construction and equipping of a $62.8M, 275,000 SF spiral welded pipe manufacturing plant in rural Paris, Texas. The project will create 150 full time jobs with average starting wages for production employees of $46,000 in addition to full benefits,. The project will provide 75 construction jobs in the severely distressed community.
Building 127, Brooklyn, NY
Brooklyn Navy Yard Development Corporation will rehabilitate and renovate Building 127, approximately 100,000 SF, at the Yard, restoring it to an active manufacturing use and creative workspace that supports the Yard’s job-creation and economic development mission. The Project tenants will provide approximately 300 permanent, quality jobs and the Project will provide 75 construction jobs in the severely distressed community.
