Safety Storage Inc.

Charleston,
IL
(2021)

Safety Storage Inc.

Manufacturing

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.

CDEs

Advantage Capital, Community Development Venture Capital Alliance

Investor

Unknown

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

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