National Railway Equipment Co.

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

Other Illinois Projects

Forty Acres Fresh Market

Chicago,
IL
(2023)

Grocery and Fresh Food

CDE(s): Chicago Development Fund

The construction of the city’s first Black female-owned grocery store will address the neighborhood’s food disparities.

One Hope United Joliet

Joliet,
IL
(2014)

Brownfield Remediation, Community, Daycare and Early Childhood, Youth and Families

CDE(s): SCORE

The transformation of a vacant elementary school located on a federally designated brownfield site in a low-income community in Joliet into a holistic childcare center for children ages 6 weeks

Chicago Center for Arts and Technology

Chicago,
IL
(2015)

Adult Education, Arts, College or Vocational Training, Community, Daycare and Early Childhood, Healthcare, Incubator, Manufacturing, Schools, Vocational Training, Youth and Families

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.

Esperanza – Brighton Park

Chicago,
IL
(2018)

Behavioral Health, Community, COVID-19, Disaster Recovery, FQHCs, Healthcare

CDE(s): Chicago Development Fund, PNC, Raza Development Fund

Trusted provider, Esperanza, provides health and hope to Chicago’s under-served communities