New Markets Tax Credit Coalition

Power Gen Components

Power Gen Components is a precision machine fastener manufacturer. The project provided the Company with working capital to help maintain its workforce and benefits during the initial onset of COVID restrictions.

Investment

  • NMTC Amount: $1,920,284
  • Total Project Cost: $2,133,649

IMPACT

  • 201 FTE jobs

Investor

Project Description

Power Gen Components is a precision machine fastener manufacturer. The project provided the Company with working capital to help maintain its workforce and benefits during the initial onset of COVID restrictions.

MAP

Address: 4311 West Oquendo Road, Las Vegas, NV 89118

Census Tract: 32003002962

Other Nevada Projects

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NMTC financing was used to support the development of a new multi-disciplinary surgery and health center in rural Nevada.
NMTC helped a business make it through the pandemic without having to sell assets or lay off staff.
New equipment purchases helped a machine shop retain its 36 current employees and create 10 additional jobs.