IMod Structures

Vallejo,
CA
(2019)

IMod Structures

Manufacturing

Investment

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

IMPACT

63 FTE jobs

CDEs

Enhanced Capital

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

Navigator Watsonville Prep

Watsonville,
CA
(2021)

Schools

CDE(s): Civic Builders

The Navigator Watsonville Preparatory Charter School leased and renovated a portion of the first floor and the entire second floor of a commercial building in downtown Watsonville, CA to be

SBCS

Chula Vista,
CA
(2023)

Nonprofit Hub

CDE(s): Civic Community Partners, Corporation for Supportive Housing

CCP provided $18 million in allocation to SBCS to finance the construction of a new 61,00 sq. ft. headquarters building in Chula Vista, CA. The new facility will provide the

HealthRIGHT 360

San Francisco,
CA
(2016)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

CDE(s): Bank of America, Community Vision, Corporation for Supportive Housing, Enterprise Community Partners, Primary Care Development Corporation

The acquisition and renovation of a 48,000 sq. ft. building in the heart of San Francisco.

Bay Area Tech High School

Oakland,
CA
(2023)

Schools

CDE(s): Local Initiatives Support Corporation, Raza Development Fund, Wells Fargo

NMTC funding was used for the purchase and redevelopment of a 22,000 sq. ft. abandon historic theater. The space will be occupied by Bay Tech STEM, an established charter school.