Vomela Specialty Company

Financing for the installation of 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela's new 300,000 sq. ft. headquarters in Saint Paul, MN.

Investment

  • NMTC Amount: $4,371,585
  • Total Project Cost: $7,000,000

IMPACT

  • 235 FTE jobs
  • 80 construction jobs
  • 300,000 sq. ft. of real estate

Investor

Project Description

The NMTC loan proceeds will be utilized to finance a portion of the total project cost associated with installing 1 megawatt of solar panels and purchasing various furniture, fixtures and equipment at Vomela’s new 300,000 sq. ft. headquarters in Saint Paul, MN.

MAP

Address: 845 Minnehaha Avenue East, Saint Paul, MN 55106

Census Tract: 27123033100

Other Minnesota Projects

The construction of an appoximately 19,820 sq. ft. building for use serving low-income entrepreneurs as a small business incubator and entrepreneur training center in Saint Paul, MN.
10 affordable homes created through the Greater Metropolitan Housing Corporation

NMTC financing for the renovation and expansion of the Minneapolis American Indian Center (MAIC), a nonprofit community center in the heart of the American Indian community of Minneapolis providing comprehensive

The Blaisdell YMCA in South Minneapolis, MN offers personal training, group exercise classes, swim lessons, child care and other great fitness and community building programs.