Navy Island Inc. - New Markets Tax Credit Coalition

Cong. Districts

West Saint Paul, MN (2019)

Navy Island Inc.

Business Development, Manufacturing

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.

CDEs

University Financial Corp.

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

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