Vibrant Corp

Investment

  • NMTC Amount: $3,350,000
  • Total Project Cost: $3,350,000

IMPACT

  • 87 FTE jobs
  • 63 jobs created and 23.5 jobs retained.

Project Description

Vibrant Corporation (“Vibrant”) is an Albuquerque, NM based company commercializing Process Compensated Resonance Testing (“PCRT”) technology: a method of non-destructive testing that uses vibrations to test the integrity of objects. Vibrant operates a “testing as a service” model: the company manufacturers the testing hardware in-house and leases it out to customer facilities. This project provided the company with funds needed to fund the construction and deployment of additional testing units.

MAP

Address: 8916 Adams Street NE, Albuquerque, NM 87113

Census Tract: 35001003736

Other New Mexico Projects

Former hospital turned into a landmark status hotel, the Parq Hotel.

NMTC financing supported the rehab of the historic Hilton Hotel Andaluz. The project brought new jobs to the community, many of which were set-aside for Native Americans.

Financing for the construction of two electrical substations on the Navajo Nation Reservation
Acquisition of steam generation equipment to expand the McKinley Paper, Prewitt facility’s manufacturing capacity by 25%.