Marvin Composites

Fargo,
ND
(2023)

Marvin Composites

Business Development, Manufacturing

Finances the construction and equipping of a new 150,000 sq. ft. facility expansion on the site of its existing facility.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $37,100,000

IMPACT

140 FTE jobs
100 construction jobs
150,000 sq. ft. of real estate

CDEs

DBL Equity Partners

Investor

US Bank

Project Description

Finances the construction and equipping of Marvin Composites’ (previously known as Tecton Products) new 150,000 sq. ft. facility. The investment in equipment is essential to Marvin Composite’s business capacity and growth and allows the company to keep their product innovative and competitive in the market. This expansion will create high-quality jobs.