Humboldt, TN (2017)

Bongards Creameries

Investment

NMTC Amount: 30,500,000

Total Project Cost: 30,500,000

IMPACT

162 FTE jobs

71 construction jobs

New vital revenue for 400+ struggling MN family dairy farms

Financing to purchase and transform a plant in Humboldt into a natural processed cheese operation to support the growing demand for its products.

Project Description

The Great Recession saw loss of factories and jobs in and around Humboldt, with more than a fifth of the residents living below the poverty line. In 2010, Bongards purchased a plant in Humboldt, transforming it into a natural processed cheese operation to support the growing demand for its products. In 2017, Bongards obtained NMTCs to expand the existing plant by 55,000 SF of plant and cooler space and added state-of-the-art equipment for cheese slicing and packaging. The newly updated facility is serving as a major distribution hub reaching consumer and commercial customers across the southeast United States. The expansion brought stability to a community that experienced a 20% population loss between 2000 and 2016. 90% of the jobs generated are accessible to individuals without a college degree and pay an average wage of 69% above the local living wage.

MAP

3001 US-45 BYP, Humboldt, TN 38343

Video

Related Projects

2022

Muncie, IN

The project is the first phase of development in the $50 million Kitselmen Pure Energy Park master planned development…
2021

Indianapolis, IN

Acquisition, renovation, and equipping of a 245,000 sq. ft. warehouse into a volumetric modular housing production facility with space…