IMod Structures

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $7,000,000

IMPACT

  • 63 FTE jobs

Project Description

A Vallejo startup manufacturer of modular classrooms designed to be sturdy enough to relocate multiple times and stack a few stories high on April 9 announced it landed $11 million in funding. The series A round led by Goldman Sachs Urban Investment Group will help iMod Structures, formerly Intermodal Structures, finish outfitting a former Mare Island Naval Shipyard factory and ramp up staff, according to iMod co-founder Craig Severance. The company employs less than 20 now, mostly on the factory floor, but the goal is to hire 50-75 locally in the next 12 months.

MAP

Address: 251 Bagley Street, Vallejo, CA 94592

Other California Projects

Development of two medical clinic operations in separate locations in rural Colusa County, California. The first is the rehabilitation of a former grocery store into the 17,000 square foot Valley

Opportunity Fund provided $8 million in financing for the newly-opened Logan Heights Family Health Counseling Center w
Financing to help Queenscare Health Centers, a nonprofit FQHC, build a new community health center in East Los Angeles.
NMTC financing for Full Circle Brewing created 10 FTE jobs.