Flex-N-Gate Plastics

Financing for a 55,000 sq. ft. expansion and equipment upgrade to the Company’s existing auto parts manufacturing plant in Danville, IL.

Investment

  • NMTC Amount: $17,000,000
  • Total Project Cost: $27,871,069

IMPACT

  • 314 FTE jobs
  • 70 construction jobs
  • 55,000 sq. ft. of real estate

Investor

Project Description

Financing for a 55,000 sq. ft. expansion and equipment upgrade to the Company’s existing auto parts manufacturing plant in Danville, IL. The $27.2 million project makes the existing manufacturing facility more competitive and enables the company to fulfill newly awarded parts supply contracts from its customers.

MAP

Address: 3403 Lynch Creek Drive, Danville, IL 61834

Census Tract: 17183011200

Other Illinois Projects

NMTC financing helped an FQHC hire additional personnel, open a new, school-based clinic site, and make an electronic software upgrade throughout the network of health centers.
In September 2014, CDF provided $13 million in NMTC financing to Method, the world's largest producer of environmentally-friendly cleaning products.
New Markets Tax Credit financing for a startup contract brewing business dedicated to helping small Chicago-based brewers strategically grow and expand production.
In March 2018, CDF provided $6M in NMTC allocation to Gads Hill Center.