PMI Aerospace, Inc.

Rockford,
IL
(2024)

PMI Aerospace, Inc.

Manufacturing

A major investment project is driving industrial growth and employment in Rockford, IL

Investment

NMTC Amount: $4,450,000
Total Project Cost: $9,450,000

IMPACT

46 FTE jobs
5 jobs created and 41 jobs retained

CDEs

Advantage Capital

Project Description

PMI Aerospace manufactures precision machine components for commercial aerospace, military, and space system manufacturers.PMI specializes in high-mix, low volume production of complex, handheld parts for electrical systems and auxiliary power units. the project refinanced a portion of the company’s Main Street Loan, freeing up capital to support PMI’s operations that would otherwise have serviced the Main Street Loan’s heavy amortization.

MAP

Address: 2801 Eastrock Drive, Rockford, IL 61109

Other Illinois Projects

TCA Health, Inc.

Chicago,
IL
(2017)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): IFF

Rehabilitation of the clinic facility for a healthcare provider

North Kostner Health Center

Chicago,
IL
(2013)

Community, Dental Services, FQHCs, Healthcare

CDE(s): Chicago Development Fund

Opened in November 2014, the Kostner Health Center contains patient exam rooms, a dental suite, offices, and space for social service programs and cooking demonstrations.

Chem Processing Inc.

Rockford,
IL
(2017)

Food Manufacturing, Manufacturing

CDE(s): Central States Development Partners

Expansion of existing commercial building for a chem manufacturer Central States provided $2.2 million in New Market Tax Credit financing to support a 35,000 sq. ft. new manufacturing and warehouse

Chicago Commons Nia Family Center

Chicago,
IL
(2016)

Adult Daycare, Community, Daycare and Early Childhood, Healthcare, Nursing Homes and Hospice, Youth and Families

CDE(s): IFF

NMTC financing supported Chicago Commons after they absorbed the Adult Day Care Service program from Bethel New Life as well as its Home Care program.