Stadler Rail constructed a new 226,000 sq. ft., state-of-the-art manufacturing facility for light rail passenger cars in Salt Lake City where they built and assemble trains for transit properties throughout the US (the “Project”). The Project allows the Sponsor to create quality jobs, an apprenticeship training program, develop infrastructure, and have a substantial economic impact on the severely distressed community. The initial phase began in 2018 with the construction of new roads, utilities, a test track, and a manufacturing plant and office building. Additional expansions includes the construction of a warehouse and assembly halls and welding and fabrication facilities to support the operations.

With an unemployment rate of over 13.2% or 1.59x the national average, the project created approximately 1,250 and 183 construction jobs. 80% of new jobs were filled by low-income persons or residents of the surrounding low-income community. The Project partnered with Davis Technical College to create a railcar manufacturing apprenticeship program. The apprenticeship is a hybrid program with the on-the-job learning (provided by Stadler Rail in the workplace) as well as, competency-based instruction (provided by Davis Technical College at its training site).

Stadler Rail had a financing gap to offset locating in this highly distressed low-income community due to ;additional infrastructure expenses and the lack of skilled labor in the community. Despite the support from the Redevelopment Agency of Salt Lake City, without the NMTC equity, the project would not have been feasible in the distressed community due to the increased costs associated with the subject site infrastructure issues, and lack of skilled workforce. ;