New Markets Tax Credit Coalition

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Climate by Design International, Inc.

The acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility

Investment

  • NMTC Amount: $27,000,000
  • Total Project Cost: $33,815,005

IMPACT

  • 300 FTE jobs
  • 600 construction jobs
  • 202,000 sq. ft. of real estate

Investor

Project Description

The project consists of the acquisition of land and new construction of a 200,000 sq. ft. manufacturing and warehouse facility to be utilized as Climite by Design International’s new headquarters in Owatonna, MN. The new facility will allow CDI to not only expand operations, but to train internal employees and external contractors that need to learn how to service the HVAC systems that CDI produces. The project will result in the creation of over 145 permanent full-time equivalent jobs, all offered benefits packages, as well as retain 155 jobs that are located at the current facility.

MAP

Address: 200 Festal Place Northwest, Owatonna, MN 55060

Census Tract: 27147960400

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