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  • Hammond,
  • IN
  • (2024)

IST Properties

District: Frank Mrvan (D-IN01)

A major investment project is driving industrial growth and employment in Hammond, IN

Investment

  • NMTC Amount: $1,041,667
  • Total Project Cost: $1,041,667

IMPACT

  • 30 FTE jobs
  • 30 jobs retained

CDEs

Investor

Project Description

The is a trucking company recovering from a pandemic-driven slowdown.Our provided additional working capital to respond to increased orders by refinancing 37,600 sq. ft. facility that housed corporate offices, manufacturing, and fabrication space and a 12,000 sq. ft. trailer fabrication and maintenance shop, thus paying down the revolving loan and reducing monthly loan payments to free up capital for growth.

MAP

Address: 7020 Cline Avenue, Hammond, IN 46323

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