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  • Sauget,
  • IL
  • (2022)

Tiger Fiber

District: Nikki Budzinski (D-IL13)

Investment

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

IMPACT

  • 90 FTE jobs

CDEs

Investor

Hemp fiber burlap texture

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.

External Profile

MAP

Address: Sauget Business Boulevard, Sauget, IL 62206

Census Tract: 17163502603

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