Foremost Farms

Richland Center,
WI
(2010)

Foremost Farms

Business Development, Manufacturing, Rural

Financing for dairy production upgrades helped retain and create jobs, drive investment to future projects to increase profitability, and return equities to members while retaining the proper equity base.

Investment

NMTC Amount: $44,500,000
Total Project Cost: $45,000,000

IMPACT

114 FTE jobs

CDEs

CEI Capital Management, WHEDA

Investor

US Bank

Project Description

The New Markets Tax Credit helped Foremost Farms USA finance dairy production upgrades, retain and create jobs, invest in future projects to increase profitability, and return equities to members while retaining the proper equity base. The Wisconsin Community Development Legacy Fund, a Community Development Entity comprised of WHEDA, Impact Seven and Legacy Bancorp, provided a $25 million NMTC allocation, while CEI Capital Management LLC, a for-profit subsidiary of the Maine-based Coastal Enterprises Inc., provided a $20 million allocation.

MAP

Address: 684 South Church Street, Richland Center, WI 53581

Census Tract: 55103970400

PDF Profile

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