Safety Storage Inc.

Investment

  • NMTC Amount: $3,325,000
  • Total Project Cost: $3,833,000

IMPACT

  • 49 FTE jobs
  • Jobs must exceed 1.2X the living wage in the region and offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

Investor

Project Description

Safety Storage is a manufacturer of custom modular hazardous material storage and containment systems. The Company’s customers come from the agricultural industrial, military, and laboratory industries.

The project provided the Company with working capital.

The average wage of jobs retained and projected must exceed 1.2X the living wage in the region. QALICB must offer quality benefits, which include, but not limited to medical insurance, paid time off, and wealth creation options.

MAP

Address: 855 North Fifth Street, Charleston, IL 61920

Census Tract: 17029000500

Other Illinois Projects

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.
Financing for a 55,000 sq. ft. expansion and equipment upgrade to the Company’s existing auto parts manufacturing plant in Danville, IL.

The three combined QALICBs are producers of various paper products used in the restaurant and banking industries. This project provided the Companies with funds to refinance existing debt and with

Finances equipment and related operational improvements to modernize a 500,000 sq. ft. existing Walgreens.com distribution center. About 90% of the existing and new jobs are accessible to individuals without post-high