New Markets Tax Credit Coalition

  • Rockford,
  • IL
  • (2017)

Chem Processing Inc.

District: Eric Sorensen (D-IL17)

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 space.

Investment

  • NMTC Amount: $2,200,000
  • Total Project Cost: $2,444,444

IMPACT

  • 10 FTE jobs
  • 100 construction jobs
  • 35,000 sq. ft. of real estate

CDEs

Investor

Project Description

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 space for a metal finishing company creating new capacity for the company to serve the following industries: aerospace, defense, heavy machinery, food processing, medical, oil, gas, and green energy in Rockford, IL.

MAP

Address: 3910 Linden Oaks Drive, Rockford, IL 61109

Census Tract: 17201003707

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