New Markets Tax Credit Coalition

  • Watseka,
  • IL
  • (2023)

Lyon Group

District: Robin Kelly (D-IL02)

Investment

  • NMTC Amount: $750,000
  • Total Project Cost: $750,000

IMPACT

  • 349 FTE jobs
  • 40 construction jobs
  • 40 jobs created and 309 jobs retained.
  • 17,120 sq. ft. of real estate

CDEs

Investor

Project Description

Lyon manufacturers steel lockers, shelving, and cabinets, which it sells primarily to distributors and general contractors. Our financing supported equipment purchases, mainly related to the addition of two automated production lines for locker doors and frames. This equipment will allow the company to expand its capacity in anticipation of several new customers coming online.

MAP

Address: 475 N Veterans Parkway, Watseka, IL 60970

Census Tract: 17075950400

Missing information? Submit an update or correction.

Other Illinois Projects

Chem Processing Inc.
  • Rockford,
  • IL
  • (2017)
  • CDE(s): Central States Development Partners
Expansion of existing commercial building for a chem manufacturer Central States provided $2.2 million in New Market Tax Credit financing to support a 35,000 sq. ft. new manufacturing and warehouse
Learn more..
Altorfer CAT Rental
  • East Peoria,
  • IL
  • (2013)
  • CDE(s): Business Valued Advisor Fund
NMTC financing supported a heavy construction equipment rental company.
Learn more..
McLaughlin Body Company
  • Rock Island,
  • IL
  • (2018)
  • CDE(s): Central States Development Partners
Financing for a metal fabrication company with a emphasis on the manufacturing of cabs used in the agriculture and construction industries.
Learn more..
Chicago Center for Arts and Technology
  • Chicago,
  • IL
  • (2015)
  • CDE(s): Chicago Development Fund, Cinnaire New Markets
A 62,000-sq. ft. NMTC-funded multi-use training center project in the West Town neighborhood of Chicago.
Learn more..