Search
YouTube Instagram
  • Peoria,
  • IL
  • (2021)

Natural Fiber Welding, Inc.

District: Darin LaHood (R-IL16)

Natural Fiber Welding, Inc. closed $15M in NMTC funding, accelerating growth of the company to meet the demand of MIRUM® and CLARUS® product lines.

Investment

  • NMTC Amount: $15,000,000
  • Total Project Cost: $15,000,000

IMPACT

  • 400 FTE jobs

CDEs

Investor

Project Description

Natural Fiber Welding, Inc. (NFW) closed $15M in new funding, accelerating growth of the company to meet the demand of MIRUM® and CLARUS® product lines. The round was led by The Community Development Venture Capital Alliance (CDVCA), with participation by BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, and Evolution VC Partners. With this new funding, NFW will continue to scale production to meet the needs of existing partnerships and move into new markets like the automotive industry that need a permanent, sustainable solution to replace a reliance on synthetic materials.

External Profile

MAP

Address: 6533 North Galena Rd, Peoria, IL 61614

Census Tract: 17143003300

Missing information? Submit an update or correction.

Other Illinois Projects

Lawndale Medical Corridor
  • Chicago,
  • IL
  • (2017)
  • CDE(s): Chase, Chicago Development Fund, Chicago Neighborhood Initiatives
Financing for the acquisiton of 3 locatons including 1) a pharmacy and urgent care center, 2) expansion of adult day care center and 3) greenhouse to produce/sell fresh products through
Learn more..
Continental Tire (Mt. Vernon)
  • Mount Vernon,
  • IL
  • (2013)
  • CDE(s): Chase, Waveland Community Development
NMTC financing supported Continental Tire's $155 million expansion in Mt. Vernon, IL.
Learn more..
Rockford City Market
  • Rockford,
  • IL
  • (2018)
  • CDE(s): SCORE
The revitalization of downtown Rockford took another step forward with the rehabilitation of the indoor City Market at a vacant building in the 100 block of North Madison Street.
Learn more..
Pap-R Products Company, Evergreen Manufacturing, Inc., and ColorKraft Roll Products, Inc.
  • Martinsville,
  • IL
  • (2021)
  • CDE(s): Advantage Capital, Community Development Venture Capital Alliance

The three combined QALICBs are producers of various paper products used in the restaurant and banking industries. This project provided the Companies with funds to refinance existing debt and with

Learn more..