Tiger Fiber

Sauget,
IL
(2022)

Tiger Fiber

Manufacturing

Investment

NMTC Amount: $7,000,000
Total Project Cost: $7,000,000

IMPACT

90 FTE jobs

CDEs

Heartland Regional Investment Fund

Investor

US Bank

Project Description

Tiger Fiber, Inc. to expand its operations in Sauget, Illinois after closing on $7 million in tax credit financing. Tiger Fiber, Inc., a St. Louis-based industrial hemp fiber processor, will expand operations at its Sauget, Illinois facility using $7 million in New Markets Tax Credits. With the new financing, Tiger Fiber will be able to add new equipment and inventory to meet growing demand. The facility’s expansion will also create 90 full-time living wage jobs and estimates that its growth will create another 90 indirect jobs within the industrial hemp industry.

MAP

Address: Sauget Business Boulevard, Sauget, IL 62206

Census Tract: 17163502603

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