Vomela Specialty Company

New Markets Tax Credit Coalition

Saint Paul,
MN
(2020)

Vomela Specialty Company

Energy, Manufacturing, Solar

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

CDEs

Midwest Minnesota CDC

Investor

Unknown

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

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