National Railway Equipment Co.

New Markets Tax Credit Coalition

Mount Vernon,
IL
(2020)

National Railway Equipment Co.

Business Development, Manufacturing, Rural

Working capital for National Railway Equipment, an independent supplier of new and remanufactured locomotives.

Investment

NMTC Amount: $10,346,712
Total Project Cost: $11,301,788

IMPACT

308 FTE jobs

CDEs

Advantage Capital, Enterprise Financial CDE

Investor

Trustmark

Project Description

National Railway Equipment is an independent supplier of new and remanufactured locomotives. The project provided the Company with funds to consolidate existing debt to allow for better cash flow.

MAP

Address: 908 Shawnee Street, Mount Vernon, IL 62864

Census Tract: 17081051100

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