New Markets Tax Credit Coalition

Search
  • 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

Missing information? Submit an update or correction.

Other Indiana Projects

Electric Works – West Campus
  • Fort Wayne,
  • IN
  • (2021)
  • CDE(s): BMO Harris, Fort Wayne New Markets Revitalization Fund, French Lick Redevelopment CDE, National Trust Community Investment Corporation, Urban Action Community Development
NMTC financing supported a new innovation district in Fort Wayne, IN.
Learn more..
Humane Fort Wayne
  • Fort Wayne,
  • IN
  • (2023)
  • CDE(s): Fort Wayne New Markets Revitalization Fund, PNC

Acquisition and construction of a 25,000 sq. ft. animal shelter. In addition to the shelter, the facility includes a wellness clinic and operating room facility. The facility will provide three

Learn more..
Big Car Collaborative’s Big Tube Expansion
  • Indianapolis,
  • IN
  • (2024)
  • CDE(s): Indianapolis Redevelopment CDE
A new facility in Indianapolis, IN is helping train local workers for stable careers in manufacturing
Learn more..
YMCA of Muncie
  • Muncie,
  • IN
  • (2023)
  • CDE(s): IFF, PNC, SCORE

Construction of a new, 66,000 sq. ft. YMCA facility in downtown Muncie, a rustbelt city long navigating socioeconomic change. The new and expanded offering, replacing an outdated nearby location, includes

Learn more..