Fargo, ND (2023)

Packet Digital

Investment

  • NMTC Amount: $11,200,000
  • Total Project Cost: $16,400,000

IMPACT

  • 64 FTE jobs
  • 30 construction jobs

Investor

Project Description

Finances the leasing, construction, equipping, development and operation of Packet Digital, a battery engineering and manufacturing company. The project will allow Packet Digital to renovate a battery management plant expansion that could have a resounding impact on the local community. With the community support and funding source to back this innovative project, Packet could very well spearhead a massive job opportunity movement, infusing the local economy with that can go a long way in revitalizing a neighborhood. This project will create high-quality jobs for low-income and minority populations.

MAP

Address: 704 38th Street, Fargo, ND 58102

Census Tract: 38017010107

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