New Markets Tax Credit Coalition

Search

Rowe Foundry Rehab

Investment

  • NMTC Amount: $9,100,000
  • Total Project Cost: $14,502,858

IMPACT

  • 75 FTE jobs
  • 46 construction jobs
  • 123,316 sq. ft. of real estate

Investor

Project Description

Finances the rehabilitation and modernization of a 121,316 sq. ft. metal casting foundry.

MAP

Address: 147 West Cumberland Street, Martinsville, IL 62442

Census Tract: 17023060300

Other Illinois Projects

The revitalization of downtown Rockford took another step forward with the rehabilitation of the indoor City Market at a vacant building in the 100 block of North Madison Street.
A new facility in Chicago, IL is helping train local workers for stable careers in manufacturing
In February 2019, CDF provided $12 million in NMTC allocation to 7131 Jeffrey Development to fund the purchase of the entire 113,300 sq. ft. Jeffery Plaza shopping center and renovation

LEH, founded in 1965, manufactures fluid conveyance systems for use in equipment and heavy machinery in the agricultural, construction, material handling, mining, forestry, groundskeeping, transportation, and alternative energy industries. LEH