IST Properties

New Markets Tax Credit Coalition

Hammond,
IN
(2024)

IST Properties

Manufacturing

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

OppFund (New Market Opportunity Fund)

Investor

US Bank

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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