PMI Aerospace, Inc.

New Markets Tax Credit Coalition

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

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