Navy Island Inc.

Navy Island constructed a 92,000 sq. ft manufacturing facility and upgraded its woodworking equipment.

Investment

  • NMTC Amount: $3,092,784
  • Total Project Cost: $5,087,207

IMPACT

  • 200 FTE jobs
  • As a manufacturing company, Navy Island employs lower income workers with generous wages and benefits and develops its employees with new higher value skills. This strengthens the quality of the employee and their families which in turn strengthens the local community. Navy Island also offers full health insurance for each full time employee and a 401K retirement plan with matching contributions.

Investor

Project Description

Due to the growth of Navy Island, a 92,000 sq. ft manufacturing facility and several pieces of woodworking equipment were purchased in 2017.

MAP

Address: 1777 Oakdale Avenue, West Saint Paul, MN 55118

Census Tract: 27037060105

Other Minnesota Projects

The NMTC loan proceeds will be utilized to complete tenant improvements at an existing 19,200 sq. ft. warehouse building in Wadena, MN, purchase equipment, and provide working capital.
NMTC financing supported the new Midway YMCA building.
A group of farmers, ag-related professionals and investors have developed a $127 million ethanol plant near Fergus Falls.
A purpose-built ice cream kitchen designed by award-winning Minnesota architect David Salmela - is taking shape across and up the Mississippi in a lot just across Gold Medal Park from