Chem Processing Inc.

Rockford, IL (2017)

Chem Processing Inc.

Food Manufacturing, Manufacturing

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

Central States Development Partners

Investor

Unknown

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.