East Moline, IL (2021)

Green Current Technologies


  • NMTC Amount: $10,000,000
  • Total Project Cost: $16,000,000


  • 46 FTE jobs
  • 157 construction jobs
  • 32,000 sq. ft. of real estate



Project Description

Finances the renovation of two buildings -a 32,000 sq. ft. warehouse and a 71,000 sq. ft. manufacturing facility and office -plus the purchase and installation of equipment for Green Current Technologies. GCT is a one-of-a-kind, start-up company created to help alleviate the impacts of plastic pollution by manufacturing plastic products, primarily pallets, out of 100% recycled polyethylene. start up manufacturing company working to alleviate the impacts of the global plastic pollution epidemic by developing and manufacturing plastics products, primarily pallets, out of 100% recycled plastic, each containing a portion of Ocean Waste Plastic sourced by river cleanup events within the Mississippi River watershed.

The effort will create 46 permanent jobs and 157 construction jobs by repurposing a former manufacturing facility that includes a 71,000 sq. ft. production factory, and a 32,000 sq. ft. warehouse. Central States was able to source $10 million of federal NMTC and $10 million of state NMTC to close the financing gap for the $16 million project within a highly distressed census tract. Once complete, employees will be eligible for downpayment and closing cost assistance to go towards a purchase of a East Moline home.


401 12th Avenue, East Moline, IL 61244

Related Projects


Cincinnati, OH | 8th District

Pretzel Baron, a 100-year old Ohio pretzel manufacturer, acquired, assembled and installed equipment in its facility for the purpose…