Diode Dynamics

Saint Charles,
MO
(2022)

Diode Dynamics

Manufacturing

Diode Dynamics, LLC, a St. Louis-based automotive lighting manufacturer and retailer, will expand its St. Charles, Missouri operations

Investment

NMTC Amount: $4,000,000
Total Project Cost: $4,000,000

IMPACT

150 FTE jobs

CDEs

Heartland Regional Investment Fund

Investor

Capital One

Project Description

Diode Dynamics, LLC, a St. Louis-based automotive lighting manufacturer and retailer, will expand its St. Charles, Missouri operations using $4 million in New Markets Tax Credits (NMTC). The financing will provide flexible working capital for Diode Dynamics to meet growing demand, invest in research & development, and expand its workforce of 87 full-time staff to over 150 in the coming years. “This investment enables Diode Dynamics to accelerate growth, expanding our workforce as we engineer and produce more cutting-edge LED lighting products for the automotive industry, right here in St. Charles, Missouri. As a local resident, I am privileged to provide more quality jobs to the region, and help support the overall growth of the community,” said Paul McCain, CEO and majority owner of Diode Dynamics.

MAP

Address: 3870 Millstone Parkway, Saint Charles, MO 63301

Census Tract: 29183311500

Other Missouri Projects

Old Post Office

Saint Louis,
MO
(2004)

Adult Education, College or Vocational Training, Community, Infrastructure, Library, Mixed-use, Retail, Transportation and Ports

CDE(s): Bank of America, Enterprise Community Partners, National Trust Community Investment Corporation

Rehabilitation of the Old Post Office in St. Louis

URSA Cooperative – Canton, MO

Canton,
MO
(2012)

Business Development, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Rural Development Partners

Construction of a grain elevator that now serves as a high-speed throughput load-out facility for barges on the Mississippi River.

Evertrak

Saint Louis,
MO
(2019)

Business Development, Manufacturing, Plastics and Chemicals

CDE(s): St. Louis Development Corporation

St. Louis's economic development arm has committed $5M in federal NMTCs to assist a new manufacturer that makes railroad ties out of recycled plastic.

Mosaic Life Care

St. Joseph,
MO
(2015)

Historic Rehabilitation, Mixed-use

CDE(s): Central Bank of Kansas City

The historic renovation of the German American Building into an office building for Mosaic Life Care along with 2,000 sq. ft. café operated by a local business.