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

Other Illinois Projects

RCE Equipment Solutions

Rockford,
IL
(2014)

Manufacturing

CDE(s): Business Valued Advisor Fund

NMTC financing supported the operations of a Rockford, IL railroad equipment manufacturer.

Cristo Rey St. Martin College Prep Phase 2

Waukegan,
IL
(2020)

Community, Makerspace, Private School, Recreation, Religious Organizations, Retail, Retail and Commercial, Schools, Theaters and Performing Arts Spaces

CDE(s): Enhanced Capital

Development of 47,000 sq. ft. of unused retail space into a Fine Arts Makerspace, a Performance Stage, a Gym/Fitness Center and additional classrooms for a high school.

Mason Manufacturing

Decatur,
IL
(2010)

Business Development, Manufacturing

CDE(s): Advantage Capital

The NMTC helped preserve 35 high-paying jobs and transition a company to a new phase of growth.

Green Era Sustainability Campus

Chicago,
IL
(2020)

Adult Education, Brownfield Remediation, Business Development, College or Vocational Training, Community, Daycare and Early Childhood, Food Manufacturing, Incubator, Manufacturing, Timber and Agriculture, Youth and Families

CDE(s): Dudley Ventures, MBS Urban Initiatives, SCORE, USBCDE

An innovative project redeveloped a vacant 9-acre brownfield site into a sustainability campus which includes a biodigester, greenhouse space, community garden with a fresh produce stand and a visitor’s center